Mindtree Ltd is an Indian multinational company. It mainly deals in information technology services and consulting. The company was founded on 18 August 1999. The company is headquartered in Bangalore, India. Mindtree has focused on growth to sustain itself in the long run. The company has 35000 talented professionals across 24 countries. The parent company of Mindtree is Larsen & Toubro Group. The stocks are traded both on BSE and NSE.<\/p>\n\n\n\n
Key Financial Highlights<\/u><\/strong><\/u><\/strong><\/p>\n\n\n\n Standalone Highlights<\/u><\/strong><\/p>\n\n\n\n Revenue grew 4.8% q-o-q \/ 33.2% y-o-y to $383.8 million in USD. The Net profit grew by 7.6% q-o-q \/ 44.8% y-o-y) to $62.7 million in USD. Revenue increased by 5.4% q-o-q \/ 37.4 % y-o-y to \u20b928,974 million in Q4 FY22 in terms of INR. Net profit increased by 8.1% q-o-q \/ 49.1 % y-o-y to \u20b94,731 million in terms of INR.<\/p>\n\n\n\n Consolidated Highlights<\/u><\/strong><\/p>\n\n\n\n In terms of USD, the Revenue increased by 31.1% to $1410.8 million. The Net profit grew by 47.7% to $221.6 million. In terms of INR, the increase in revenue is 32.1% to \u20b9105,253 million and Net profit stood at \u20b916,529 million, improved by 48.8%.<\/p>\n\n\n\n The Retail, CPG and Manufacturing has declined 2.4% sequentially driven by a ramp down in a retail account. The BFSI Sector grew 19%, CMT grew 23% and retail grew by 45%. The travel sector grew 54% with the decrease in pandemic. The healthcare business contributed health business contributed $17.3 million of the total revenue.<\/p>\n\n\n\n Management Updates<\/u><\/strong><\/p>\n\n\n\n Net headcount for FY \u201922 is over 11,200 an increase of 47.3% and global headcount is more than 25,000 in FY 22.<\/p>\n\n\n\n Cash and investments reached to $474.6 million.<\/p>\n\n\n\n The Board of Directors has announced a final dividend of 27 per equity share of par value \u20b910 each.<\/p>\n\n\n\n Mindtree has launched AI\/ML powered platform to manage their service experience in multi-provider environment. <\/p>\n\n\n\n Business Updates<\/u><\/strong><\/p>\n\n\n\n 33 new logos are added with focused on up-selling and cross-selling.<\/p>\n\n\n\n Mindtree has expanded its presence in Germany, Finland and Denmark and Europe with a center in Poland. It has also expanded delivery footprint in India, with an additional facility in Pune and with its first development center in Kolkata.<\/p>\n\n\n\n Mindtree has signed a contract with the U.S. flagship airline to support core airline systems, including commercial, operations and enterprise IT, through business verification testing services.<\/p>\n\n\n\n Mindtree has been selected by a U.S.-based managed healthcare and insurance company for digital transformation and modernization work.<\/u><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":" Mindtree Ltd is an Indian multinational company. It mainly deals in information technology services and consulting. The company was founded on 18 August 1999. The company is headquartered in Bangalore, India. Mindtree has focused on growth to sustain itself in the long run. The company has 35000 talented professionals across 24 countries. The parent company of Mindtree is Larsen & […]<\/p>\n","protected":false},"author":1796,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[6352,9908],"tags":[8986,9007],"class_list":["post-128555","post","type-post","status-publish","format-standard","hentry","category-research-summary","category-research-tear-sheet","tag-information-technology","tag-information-technology-services"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":131179,"url":"https:\/\/alphastreet.com\/india\/mindtree-ltd-q1-fy-23-research-summary\/","url_meta":{"origin":128555,"position":0},"title":"Mindtree Ltd Q1 FY 23 Research Summary","author":"sreerupa","date":"July 15, 2022","format":false,"excerpt":"Mindtree Ltd\u00a0is an Indian\u00a0multinational company. It mainly deals\u00a0 with Customer Success, Data & Intelligence, Cloud, Enterprise IT Transformation & Automation and \u00a0 Mindtree Consulting. \u00a0The company was founded on 18\u00a0August 1999. The company is headquartered in Bangalore, India. Mindtree has focused on growth to sustain itself in the longrun. The\u2026","rel":"","context":"In "Research Summary"","block_context":{"text":"Research Summary","link":"https:\/\/alphastreet.com\/india\/category\/research-summary\/"},"img":{"alt_text":"Research Summary","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/04\/Research-summary.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/04\/Research-summary.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/04\/Research-summary.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":124205,"url":"https:\/\/alphastreet.com\/india\/mindtree-ltd-mindtree-q1-fy22-earnings-concall\/","url_meta":{"origin":128555,"position":1},"title":"Mindtree Ltd (MINDTREE) Q1 FY22 Earnings Concall","author":"Sahil_Anand","date":"July 13, 2021","format":false,"excerpt":"Mindtree Ltd (NSE:MINDTREE) Q1 FY22 Earnings Concall dated\u00a0Jul. 13, 2021","rel":"","context":"In "Technology"","block_context":{"text":"Technology","link":"https:\/\/alphastreet.com\/india\/category\/technology-stocks\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/Mindtree-Ltd-Q1-FY22-Earnings-Concall.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/Mindtree-Ltd-Q1-FY22-Earnings-Concall.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/Mindtree-Ltd-Q1-FY22-Earnings-Concall.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/Mindtree-Ltd-Q1-FY22-Earnings-Concall.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/Mindtree-Ltd-Q1-FY22-Earnings-Concall.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/Mindtree-Ltd-Q1-FY22-Earnings-Concall.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":126281,"url":"https:\/\/alphastreet.com\/india\/mindtree-earnings-all-you-need-to-know-about-mindtree-ltd-q3-2022-earnings-results\/","url_meta":{"origin":128555,"position":2},"title":"MINDTREE Earnings: All you need to know about Mindtree Ltd Q3 2022 earnings results","author":"Nishad","date":"January 13, 2022","format":false,"excerpt":"Mindtree Ltd\u00a0(NSE: MINDTREE)\u00a0reported its third-quarter 2022 earnings results today. The company posted a net profit of \u20b92,821 crores with a growth of 35% year on year. Mindtree had a net profit of \u20b9437 crores or \u20b926.50 per share compared to \u20b9326 crores or \u20b919.81 per share in the same quarter\u2026","rel":"","context":"In "AlphaGraphs"","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/01\/MindtreeQ322.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/01\/MindtreeQ322.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/01\/MindtreeQ322.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/01\/MindtreeQ322.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/01\/MindtreeQ322.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":131201,"url":"https:\/\/alphastreet.com\/india\/mindtree-limited-q1-fy23-earnings-conference-call-insights\/","url_meta":{"origin":128555,"position":3},"title":"Mindtree Limited Q1 FY23 Earnings Conference Call Insights","author":"Praveen","date":"July 18, 2022","format":false,"excerpt":"https:\/\/youtu.be\/DVMyf9tTYiY Key highlights from Mindtree Limited (MINDTREE) Q1 FY23 Earnings Concall Management Update: MINDTREE onboarded 4,700 employees in 1Q23, including more than 1,500 fresh graduates. LTM attrition for 1Q23 was 24.5%, which MINDTREE said would take a few more quarters to stabilize. Q&A Highlights: Mukul Garg of Motilal Oswal asked\u2026","rel":"","context":"In "Concall Highlights"","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":128505,"url":"https:\/\/alphastreet.com\/india\/mindtree-limited-q4-fy22-earnings-conference-call-summary\/","url_meta":{"origin":128555,"position":4},"title":"Mindtree Limited Q4 FY22 Earnings Conference Call Summary","author":"Praveen","date":"April 19, 2022","format":false,"excerpt":"https:\/\/youtu.be\/OW_DwFTpIbI Key highlights from Mindtree Limited (MINDTREE) Q4 FY22 Earnings Concall Management Update: During the year, MINDTREE said it added 33 new logos, and grew the revenue share of its focus 100 accounts to nearly 90%. The number of $20 million accounts doubled from 7 to 14. MINDTREE reported that\u2026","rel":"","context":"In "Concall Highlights"","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":134684,"url":"https:\/\/alphastreet.com\/india\/mindtree-limited-q2-fy23-earnings-conference-call-insights\/","url_meta":{"origin":128555,"position":5},"title":"Mindtree Limited Q2 FY23 Earnings Conference Call Insights","author":"Praveen","date":"October 14, 2022","format":false,"excerpt":"https:\/\/youtu.be\/ncmFwGPYoq4 Key highlights from Mindtree Limited (MINDTREE) Q2 FY23 Earnings Concall Management Update: [00:01:54] MINDTREE said its 1H23 signings crossed $1 billion for the first time in company history. [00:10:31] MINDTREE\u2019s 2Q23 LTM attrition was 24.1% and expects it to trend down further. [00:16:57] Subject to regulatory approvals, MINDTREE expects\u2026","rel":"","context":"In "Concall Highlights"","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/MINDTREE-Q2FY23.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/MINDTREE-Q2FY23.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/MINDTREE-Q2FY23.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/MINDTREE-Q2FY23.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/MINDTREE-Q2FY23.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/128555","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/1796"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=128555"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/128555\/revisions"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=128555"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=128555"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=128555"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Rs million<\/td> Q4 FY21<\/td> Q4 FY22<\/td><\/tr> Revenue<\/td> 21,093<\/td> 28,974<\/td><\/tr> EBITDA<\/td> 4,626<\/td> 6,083<\/td><\/tr> EBIT<\/td> 3,913<\/td> 5,487<\/td><\/tr> PAT<\/td> 3,173<\/td> 4,731<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n $ million<\/td> Q4 FY21<\/td> Q4 FY22<\/td><\/tr> Revenue<\/td> 288.2<\/td> 383.8<\/td><\/tr> EBITDA<\/td> 63.2<\/td> 80.6<\/td><\/tr> EBIT<\/td> 53.5<\/td> 72.7<\/td><\/tr> PAT<\/td> 43.3<\/td> 62.7<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n Revenue by Industry<\/td> Q4 FY21<\/td> Q4 FY22<\/td><\/tr> BFSI<\/td> 18.40%<\/td> 18.20%<\/td><\/tr> Communications, Media & Technology<\/td> 45.80%<\/td> 43.30%<\/td><\/tr> Retail, CPG & Manufacturing<\/td> 22.10%<\/td> 22.60%<\/td><\/tr> Travel, Transportation & Hospitality<\/td> 12.70%<\/td> 14.40%<\/td><\/tr> HealthCare<\/td> 1.00%<\/td> 1.50%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n