Mindtree Jul-Sep net profit down 34.6 pc to Rs 135 cr

IT firm Mindtree on Wednesday reported a 34.6 per cent decline in consolidated net profit at Rs 135 crore for the quarter ended September 30, 2019.

The company had posted a net profit of Rs 206.3 crore in the same period last year, Mindtree said in a regulatory filing.

The Bengaluru-based company saw its revenue grow 9.1 per cent to Rs 1,914.3 crore in the quarter under review from Rs 1,755.4 crore in the year-ago period, it added.

In dollar terms, the net profit declined 34.1 per cent to USD 19.2 million, while revenue increased 10 per cent to USD 271 million in the said quarter over the year-ago period.

In constant currency terms (eliminating currency fluctuation from financial performance), revenue was up 3.2 per cent sequentially and 11.1 per cent year-on-year (y-o-y).

Mindtree's second quarter performance of double digit y-o-y revenue growth reflects the company's client centricity, employees' winning spirit and innovation, Mindtree CEO Debashis Chatterjee said.

"We stay ...