The mid-sized firm posted a net profit of Rs 158.2 crore in the July-September, 2015 quarter as compared to Rs 137.4 crore in the year-ago period.
Its revenue increased by 31.6 per cent to Rs 1,169.3 crore for the second quarter from Rs 888.6 crore in the year-ago period.
"This has been a stellar quarter on all fronts. Our recent strong deal wins and strategic acquisitions will fuel growth in the coming quarters," Mindtree CEO and Managing Director Krishnakumar Natarajan told reporters on a conference call.
Talking about the quarter ahead, Natarajan said traditionally the third quarter is weak on account of leaves and furloughs.
"Q3 is seasonally weak as there are leaves and furloughs. Also, there is a European client scaling down... There are furloughs from enterprise as well... Despite these headwinds, we expect the quarter to be better than Q3 last year. There is a healthy funnel and we will beat Nasscom's growth estimate," he said.
The third quarter is traditionally weaker for IT firms as business is impacted by low volume growth amid Christmas and New Year holidays and furloughs in the US and Europe.
Its larger rivals, Infosys and Tata Consultancy Services (TCS) have already said the sequential revenue growth in the second half of the year could be impacted on account of fewer working days in the December quarter.
In dollar terms, the Bengaluru-based firm reported 6.8 per cent growth in net profit at USD 24.3 million and 22.6 per cent rise in revenue to USD 180.3 million.
Mindtree registered organic revenue (without acquisitions of last quarter) growth of 13.9 per cent year-on-year.
It had 296 active clients and 15,582 employees (addition of 1,801 employees gross during the quarter) as of September 30, 2015. The trailing 12 months attrition stood at 17.1 per cent.
The Board of Directors has also recommended an interim dividend of Rs 4 per equity share (40 per cent) for the quarter.