MindTree declines on reporting 4% fall in Q1 consolidated net profit

19 Jul 2016

Mindtree is currently trading at Rs 574.20, down by 39.60 points or 6.45% from its previous closing of Rs 613.80 on the BSE.

The scrip opened at Rs. 599.90 and has touched a high and low of Rs 599.90 and Rs 572.00 respectively. So far 244623 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 803.50 on 04-Mar-2016 and a 52 week low of Rs. 572.00 on 29-Jul-2016.

Last one week high and low of the scrip stood at Rs. 669.00 and Rs. 610.50 respectively. The current market cap of the company is Rs. 9633.49 crore.

The promoters holding in the company stood at 13.72%, while Institutions and Non-Institutions held 48.09% and 38.19% respectively.

MindTree has reported 11.42% rise in its net profit at Rs 143.40 crore for the quarter ended June 30, 2016 as compared to Rs 128.70 crore for the same quarter in the previous year. The company’s total income increased 25.86% to Rs 1222.10 crore for the quarter under review from Rs 971.00 crore for the corresponding quarter of the previous year.

On the consolidated basis, the company has reported 3.74% fall in its net profit Rs 123.50 crore for the quarter ended June 30, 2016 as compared to Rs 128.30 crore for the same quarter in the previous year. However, total income of the company increased 35.17% to Rs 1338.60 crore for quarter under review from Rs 990.30 crore for the quarter ended June 30, 2015.

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