FY19 Q2 Earnings " Mindtree "

in #steemit4 years ago

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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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