Mindtree shares zoom nearly 12 pc to 52-week high after Q2 earnings

Shares of IT firm Mindtree jumped nearly 12 per cent on Thursday after the company posted a 57.2 per cent increase in net profit for the second quarter ended September 2021.

The stock opened in the green and jumped 11.92 per cent to a 52-week high of Rs 4,883.40 on the BSE.

At the NSE, it zoomed 11.91 per cent to its 52-week high of Rs 4,884.

Mindtree on Wednesday posted a 57.2 per cent increase in net profit to Rs 398.9 crore for the second quarter ended September 2021.

The company had reported a net profit of Rs 253.7 crore in the same quarter a year ago.

Consolidated revenue from operations of Mindtree increased by 34.27 per cent to Rs 2,586.2 crore during the reported quarter from Rs 1,926 crore in the corresponding quarter of 2020-21.

“Our revenues in the second quarter were USD 350.1 million, up 12.7 per cent sequentially and 34.1 per cent year-on-year, which was our highest YOY growth for a quarter in a decade,” Mindtree CEO and MD Debashis Chatterjee said in a statement.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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