Mindtree ticks double-digit growth to ride on strong deal pipeline

After a strong finish to FY21, the key trigger for the stock would be the growth metrics the company will deliver in FY22

Mindtree ticked most of the boxes in its March quarter (Q4) results — like its large-cap peers — with robust revenue growth, steady margins, and a healthy deal pipeline.
 
After a muted first half (H1FY21), the company posted growth in excess of 5 per cent for the second consecutive quarter. Its 5.2-per-cent revenue growth in dollar terms was driven by growth across verticals, barring the banking and financial services space. 
 
Communications, technology, and media, which account for about half its revenues, grew 4 per cent. Sectors impacted the most by the pandemic like travel, manufacturing, retail, and hospitality