FY19 Q2 Earnings " Mindtree "

in #steemit5 years ago


Mindtree reported growth in net profit of Rs 206 cr and revenue comes to Rs 1755 cr during this quarter.

During the quarter the company had posted 50% YOY growth in net profit.

The company saw a significant gain in the foreign exchange and a depreciating Rupee against USD resulted in higer margin.

"Foreign exchange gain was $5.7 million as compared to $2.8 million in the previous quarter. Rupee depreciate to 72.5 against USD at the end of this quarter. This resulted in better realisation," said Pradip Menon, chip financial officer of Mintree.


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