MindTree has announced its second quarter results. The company's Q2 consolidated net profit was up 56% at Rs 54.5 crore, versus Rs 34.5 crore, quarter-on-quarter, QoQ. Its net profit higher due to higher forex gain, other income, QoQ.
Its consolidated net sales in July-September were up 11% at Rs 457 crore, versus Rs 413.1 crore, in the first quarter.
Second quarter margin was at 12.87%, versus 11.1%, in April-June.
It had a forex gain of Rs 16.9 crore in the second quarter, versus Rs 9.14 crore, QoQ.
Source: www.moneycontrol.com
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Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
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