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Q1 RESULTS : MINDTREE STOCK PRICE DOWN CLOSED AT 978.15 : WHY ?

Mindtree said net Profit Raised about 130% in the primary quarter to Rs 213 crore. Profit was likewise 3.3% higher consecutively.

Income for the quarter finished June 30 rose 4.1% year-on-year to Rs 1,908.8 crore yet was down 6.9% successively.

We closed the quarter with a healthy order book of $391 million regardless of the worldwide headwinds because of the Covid-19 pandemic. Our relentless spotlight on operational efficiencies has helped us to post a solid EBITDA of 18.2% said by Debashis Chatterjee, Chief Executive Officer and Managing Director, Mindtree.

The organization included six new customers during the quarter, with a sum of 292 dynamic customers as of June 30. The all out headcount toward the finish of the quarter remained at 21,955, with trailing a year weakening rate at 16.6 percentage.

The organization said new venture wins during the quarter incorporated a cloud change and guide for a movement innovation firm and creating and testing administrations for a social insurance firm in North America.

It has additionally been granted a multi-year worldwide foundation administrations contract from a current customer for a corporate travel and gatherings the executives organization.

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