New Delhi: IT Company Mindtree On Wednesday, the net profit for the three months ended June 30, 2022, registered a growth of 37.3 per cent at Rs 471.6 crore.
The company had a net profit of Rs 343.4 crore in the corresponding quarter of the last financial year.
Revenue for the first quarter of the current fiscal stood at Rs 3,121.1 crore, registering a year-on-year growth of over 36 per cent.
Debashish Chatterjee, Chief Executive Officer and Managing Director, Mindtree said in a statement, “We are excited to report a strong start to FY23 with strong revenue growth, solid margins and a record order book, marking our continued industry-leading Demonstrates growth momentum.” ,
Chatterjee said the company’s highest ever order book of $570 million reflects the relevance of Mindtree’s value proposition in driving business-critical transformation at scale.
The quarter-on-quarter (QoQ) and year-on-year (YoY) growth of 37.3 per cent saw a net profit of Rs 471.6 crore translated into a sequential decline of 0.3 per cent.
“Revenue stood at Rs 31,211 million (growth of 7.7 per cent/36.2 per cent per quarter),” the statement said.
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