Bengaluru: Mindtree Ltd’s net profit for the fourth quarter ended March rose 4.7% q-o-q and 3.9% annually to ₹206.2 crore, as its focus on cost efficiencies and standardisation have started to bear fruit.
The Bengaluru-based IT services company’s revenue for the fourth quarter stood at ₹2,050.5 crore, up 4.3% sequentially and 11.5% on a y-o-y basis.
The closely-watched dollar revenue stood at $278.4 million, up 1.2% sequentially and 6.3% y-o-y on the back of $393 million worth of deal signings during the quarter.
Mindtree’s EBITDA margins stood at 17.1%, improving about 150 basis points as compared to the previous quarter due to operating efficiencies and currency benefits.