• Mindtree reported 10% quarter-on-quarter (QoQ) growth in its consolidated revenues for the quarter ended June (Q1FY22). On a year-on-year (YoY) basis, the same grew at 21%.
  • Its expenses for the quarter were up by 10% QoQ and 14% YoY.
  • The IT major’s consolidated profit before tax witnessed a healthy growth of 61% YoY and 11% on a QoQ basis.
  • While the net profit grew 61% YoY during the June quarter, it grew by 8% on a QoQ basis.
  • The earnings per share (EPS) of Mindtree stood at 20.9 during Q1FY22.

Mindtree Q1 FY22 Financial Results:

(Rs, crores) Q1FY21 Q4FY21 Q1FY22 YoY Growth (%) QoQ Growth (%)
Total Income 1,949 2,148 2,364 21% 10%
Total Expenses 1,660 1,729 1,898 14% 10%
Profit Before Tax 290 419 465 61% 11%
Tax 77 101.5 122 59% 20%
Profit after Tax 213 317 343.4 61% 8%
Earnings Per share 12.9 19.3 20.9    

Other highlights:

  • 260 active clients as of June 30, 2021
  • 27,256 Mindtree Minds as of June 30, 2021
  • Trailing 12 months attrition stood at 13.7%

Data Source: BSE, Company announcements

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