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Mindtree Q3 net profit rises 3% to Rs 197 crore, revenues up around 10%

The Bengaluru-headquartered company's revenues grew around 10 per cent to Rs 1,965 crore for the quarter ended December

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The company had a headcount of 21,561 at the end of Q3, with an attrition rate of 17.2 per cent.

Debasis Mohapatra
Mindtree on Tuesday reported a three per cent rise in its net profit at Rs 197 crore for the third quarter of financial year 2019-20 (Q3FY20). The company had posted a net profit of Rs 191.2 crore in the corresponding period a year ago.

The Bengaluru-headquartered company’s revenues grew around 10 per cent to Rs 1,965 crore for the quarter ended December. In dollar terms, revenues increased around 10 per cent year-on-year YoY to $275.2 million during this period.

“As we continue to grow revenue, our sharp focus on driving profitable growth has resulted in expansion of operating margin by 2.6 per