Mindtree Q3 profit rises 3% YoY to Rs 197 crore; revenue grows 10%

Diluted earnings per share (EPS) came in at Rs 11.96, up 3 per cent YoY and 45.9 per cent QoQ.

Mid-tier information technology (IT) company Mindtree on Tuesday reported a 3 per cent year-on-year (YoY) rise in its net profit at Rs 197 crore for December quarter of the financial year 2019-20 (Q3FY20). On sequential basis, numbers grew 45.9 per cent. In the previous quarter, the company had posted profit of Rs 135 crore while in the year-ago period, the numbers stood at Rs 191.2 crore.

Revenue for the period came in at Rs 1,965.3 crore, up 10 per cent YoY and 2.7 per cent QoQ. Earnings before interest, tax, depreciation and amortisation (EBITDA) grew 23.4 per cent QoQ and