Mindtree posts healthy Q2 numbers on back of sound growth; outlook positive

Net profit rises 65%, travel & hospitality, hi-tech segments drive growth

Mid-sized IT services company Mindtree on Wednesday posted 65.4 per cent rise in its consolidated net profit at Rs 2.06 billion for the second quarter of the ongoing financial year, on the back of sound growth in travel & hospitality and hitech & media verticals.

Revenues of the Bengaluru-headquartered firm rose 31.8 per cent on year-on-year (y-o-y) basis to Rs 17.55 billion in the September quarter. Sequentially, it grew by 7.1 per cent.

In dollar terms, Mindtree posted $246.4 million in revenues, a growth of 19.5 per cent y-o-y and two per cent sequentially. The IT firm saw constant currency