Page 6 - Mindtree
L&T-owned Mindtree third quarter profit rises 29% to Rs 327 crore
L & T-owned digital transformation company Mindtree reported 28.7 per cent sequential growth in consolidated profit at Rs 327 crore for the quarter ended December 2020 as compared to Rs 254 crore in Q2 FY21.Consolidated revenue grew by 5.1 per cent quarter-on-quarter to Rs 2,024 crore and dollar revenue increased by 5 per cent to USD 274.1 million during the October to December period 2020.The bounce in numbers was backed by growth across verticals and robust margin expansion with a strong order book."The third quarter has by far been the best performing in recent years, backed by broad-based revenue growth of 5 per cent across verticals and service lines, robust margin expansion of 350 basis points and a healthy order book of USD 312 million (against USD 303 million in Q2FY21)," said Debashis Chatterjee, Chief Executive Officer and Managing Director."We are witnessing strong business momentum across all verticals with significant demand for cloud, data and analytics capabilities.
 "L&T-owned Mindtree third quarter profit rises 29% to Rs 327 crore")
Nifty IT index, Infosys, TCS at record high; charts signal more upside
Edelweiss Securities says that the robust tech up-cycle would benefit firms like HCL Technologies, Infosys, TCS, and Tech Mahindra
 "Nifty IT index, Infosys, TCS at record high; charts signal more upside")
Tough task ahead for Malavika Hegde, the new CEO of Coffee Day Enterprises
While her appointment came as no surprise, she will have to rebuild a struggling enterprise that has been selling its non-core assets to prune its debts
 "Tough task ahead for Malavika Hegde, the new CEO of Coffee Day Enterprises")
Execution issues, margin pressure to cap Mindtree's gains from new strategy
Valuations too leave little upside from current levels
 "Execution issues, margin pressure to cap Mindtree's gains from new strategy")
Order book already 10% higher than H1 last year, says Mindtree CEO & MD
We are very confident that the growth momentum will continue, said CEO Chatterjee
 "Order book already 10% higher than H1 last year, says Mindtree CEO & MD")
Consistent revenue growth to remain key for Mindtree stock: Experts
Its ability to support current margin may support the valuation
MARKET WRAP: Sensex ends 255 pts higher; financial, metal stocks advance
All that happened in the markets today
 "MARKET WRAP: Sensex ends 255 pts higher; financial, metal stocks advance")
Chart Check: IT stocks decline post Q2 nos. Do they still hold promise?
Most IT stocks have seen sharp correction post Q2 results. However, the medium-term outlook stays bullish as per their respective technical charts.
 "Chart Check: IT stocks decline post Q2 nos. Do they still hold promise?")
Mindtree tumbles over 11% post September quarter result; brokerages mixed
For the quarter under review, Mindtree posted a net profit of Rs 253.7 crore, up 87.9 per cent year-on-year (YoY) and 19.1 per cent sequentially.
 "Mindtree tumbles over 11% post September quarter result; brokerages mixed")
Mindtree's net profit jumps 88% to Rs 253.7 cr; salary hikes from January
The firm's revenues remained flat year-on-year at Rs 1,926 crore during the period under review and witnessed a marginal 1 per cent gain sequentially
 "Mindtree's net profit jumps 88% to Rs 253.7 cr; salary hikes from January")
Mindtree Q2 net profit up 88% at Rs 253.7 cr, revenue grows to Rs 1,926 cr
The Bengaluru-based company saw its revenue grow marginally to Rs 1,926 crore in the quarter under review from Rs 1,914.3 crore in the year-ago period
Mindtree slips nearly 5% ahead of Q2 nos; here's what brokerages expect
The growth outlook of the top client and margin outlook are the key monitorables.
 "Mindtree slips nearly 5% ahead of Q2 nos; here's what brokerages expect")
BSE IT index zooms over 1000 points; Mindtree, L&T Infotech rally 11%
At 11:32 am, the S&P BSE IT index, the top gainer among sectoral indices, was up 1,003 points or 4.7 per cent at 22,233 points, as compared to 1.4 per cent rise in the S&P BSE Sensex
 "BSE IT index zooms over 1000 points; Mindtree, L&T Infotech rally 11%")
Five mid-cap stars which refused to buckle during the coronavirus crisis
With markets recovering, midcaps have also rebounded and in fact, have outperformed benchmark indices by a good margin in the last two months
 "Five mid-cap stars which refused to buckle during the coronavirus crisis")
Mindtree co-founder, family sell 466,000 shares; holding down at 2.01%
The transactions were carried out by Krishnakumar N, wife Akila Krishnakumar and son Siddarth in multiple tranches between September 15-23, Mindtree said in a regulatory filing on Saturday
 "Mindtree co-founder, family sell 466,000 shares; holding down at 2.01%")
Happiest Minds' stock doubles in stellar debut, closes 123% above IPO price
This was the best day-one performance for an IPO since IRCTC in October last year, when the shares of the state-owned company gained 127 per cent
 "Happiest Minds' stock doubles in stellar debut, closes 123% above IPO price")
Mindtree trades higher for sixth straight day, hits new high in a weak mkt
Krishnakumar Natarajan sold 1.7 million equity shares, amounting to Rs 207 crore, on September 14, 2020 through open market, Mindtree said
Coffee Day posts Q1 net profit of Rs 1,672 cr, aided by Mindtree stake sale
The company had posted a net profit of Rs 21.06 crore in the April-June quarter a year ago
 "Coffee Day posts Q1 net profit of Rs 1,672 cr, aided by Mindtree stake sale")
Sensex slips 758 pts from day's high, ends 19 pts up; RIL dips 4% post AGM
Catch all the live market updates here
 "Sensex slips 758 pts from day's high, ends 19 pts up; RIL dips 4% post AGM")
Mindtree PBT more than doubles in Q1; revenues up 4.1% to Rs 1,908.8 cr
Revenue of the firm grew 4.1 per cent year-on-year to Rs 1,908.8 crore during this period though it declined 6.9 per cent sequentially