Mindtree shares up ahead of Q3 results
Brokerages foresee 12-19 per cent year-on-year (YoY) drop in net profit for Mindtree.
By ETMarkets.com | Updated:
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Shares of IT firm Mindtree traded higher in Tuesday’s early trade ahead of its financial results for the quarter ended December 2019.
Brokerages foresee 12-19 per cent year-on-year (YoY) drop in net profit for Mindtree between Rs 154-167 crore in Q3FY20.
PhillipCapital, which expects US$ revenue growth of 1.6 per cent QoQ, said a furlough impact will be there in Q3. It sees net profit at Rs 166.6 crore, down 12.8 per cent YoY.
The shares of the company closed 2.76 per cent higher at Rs 862.90 on BSE.
Brokerages foresee 12-19 per cent year-on-year (YoY) drop in net profit for Mindtree between Rs 154-167 crore in Q3FY20.
PhillipCapital, which expects US$ revenue growth of 1.6 per cent QoQ, said a furlough impact will be there in Q3. It sees net profit at Rs 166.6 crore, down 12.8 per cent YoY.
The shares of the company closed 2.76 per cent higher at Rs 862.90 on BSE.
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