{"id":152403,"date":"2023-08-10T08:15:43","date_gmt":"2023-08-10T12:15:43","guid":{"rendered":"https:\/\/44.250.171.167\/?p=152403"},"modified":"2023-08-10T08:15:43","modified_gmt":"2023-08-10T12:15:43","slug":"mindteck-india-ltd-q1fy24-22-rise-in-profits","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/mindteck-india-ltd-q1fy24-22-rise-in-profits\/","title":{"rendered":"Mindteck (India) Ltd Q1FY24; 22% rise in Profits"},"content":{"rendered":"\n<p>Mindteck is an engineering and technology solutions company incorporated in 1991. Mindteck has considerable experience in E-commerce and Embedded Systems. The company has completed the acquisition of Infotech Holdings Inc, a company which is engaged in IT software consultancy and has become a subsidiary from July 2001.<br>Their global footprint spans the US, Canada, India, Europe, the APAC region (Singapore, Malaysia and Philippines), and the Middle East (Bahrain). They also have two Development Centers \u2013 Kolkata and Bengaluru.<br>Mindteck (India) Limited has seven wholly-owned subsidiaries and three step-down subsidiaries as at March 31, 2020.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Financial Results:<\/h2>\n\n\n\n<p>Mindteck (India) Ltd reported Revenues for Q1FY24 of \u20b993.41 Crores up from \u20b981.26 Crore year on year, a rise of 14.95%.<\/p>\n\n\n\n<p>Total Expenses for Q1FY24 of \u20b987.19 Crores up from \u20b976.15 Crores year on year, a rise of 14.5%.<\/p>\n\n\n\n<p>Consolidated Net Profit of \u20b96.23 Crores up 21.68% from \u20b95.12 Crores in the same quarter of the previous year.<\/p>\n\n\n\n<p>The Earnings per Share is \u20b92.47, up 24.12% from \u20b91.99 in the same quarter of the previous year.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><a href=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-577.png\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"839\" height=\"1024\" src=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-577-839x1024.png\" alt=\"\" class=\"wp-image-152404\" srcset=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-577-839x1024.png 839w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-577-246x300.png 246w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-577-768x937.png 768w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-577-1259x1536.png 1259w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-577.png 1489w\" sizes=\"auto, (max-width: 839px) 100vw, 839px\" \/><\/a><\/figure><\/div>\n\n\n\n<p>*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.<\/p>\n\n\n\n<p>*The presented data is automatically generated. It may occasionally generate incorrect information.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mindteck is an engineering and technology solutions company incorporated in 1991. Mindteck has considerable experience in E-commerce and Embedded Systems. The company has completed the acquisition of Infotech Holdings Inc, a company which is engaged in IT software consultancy and has become a subsidiary from July 2001.Their global footprint spans the US, Canada, India, Europe, [&hellip;]<\/p>\n","protected":false},"author":1885,"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":[105,8],"tags":[9822],"class_list":["post-152403","post","type-post","status-publish","format-standard","hentry","category-infographics","category-technology-stocks","tag-it"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":151774,"url":"https:\/\/alphastreet.com\/india\/religare-enterprises-ltd-q1fy24-35-rise-in-revenue\/","url_meta":{"origin":152403,"position":0},"title":"Religare Enterprises Ltd Q1FY24; 35% rise in Revenue","author":"Karan_Singh","date":"August 8, 2023","format":false,"excerpt":"Religare Enterprise Ltd, incorporated in 1984, is a diversified financial services company with presence all over India, operating through its subsidiaries. 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The co\u2019s subsidiaries and associates are engaged in a wide array of businesses in the financial service sector. Financial Results: Reliance Capital Ltd reported Revenues for Q1FY24 of \u20b95,957.00 Crores up from\u2026","rel":"","context":"In &quot;LATEST&quot;","block_context":{"text":"LATEST","link":"https:\/\/alphastreet.com\/india\/category\/latest\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/07\/image-419.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/07\/image-419.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/07\/image-419.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/07\/image-419.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/07\/image-419.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/07\/image-419.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":151079,"url":"https:\/\/alphastreet.com\/india\/xchanging-solutions-ltd-q1fy24-1-rise-in-revenue\/","url_meta":{"origin":152403,"position":2},"title":"Xchanging Solutions Ltd Q1FY24; 1% rise in Revenue","author":"Chirag Gupta","date":"August 3, 2023","format":false,"excerpt":"Xchanging Solutions Ltd is an IT services provider with operations in India and an international presence established through subsidiaries in USA, Singapore and the UK. 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