MindTree Ltd., incorporated in the year 1999, is a Mid Cap company (having a market cap of Rs 59824.33 Crore) operating in IT Software sector.
MindTree Ltd. key Products/Revenue Segments include Software Development Charges for the year ending 31-Mar-2021.
For the quarter ended 31-12-2021, the company reported a Consolidated Total Income of Rs 2820.80 Crore, up 6.01 % from last quarter Total Income of Rs 2661.00 Crore and up 35.27 % from last year same quarter Total Income of Rs 2085.30 Crore. Company reported net profit after tax of Rs 437.50 Crore in latest quarter.
MTCL has delivered a strong operating performance over the last few quarters, and it expects to sustain the momentum in FY23 on the back of strong broad-based demand. The brokerage maintains Hold on the stock with a TP of Rs 4,300 at 33x Mar’24E EPS.
Promoters held 61.0 per cent stake in the company as of 31-Dec-2021, while FIIs owned 15.72 per cent, DIIs 9.71 per cent.
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