The company posted a consolidated net profit at Rs 156 crore against the net profit of Rs 128.7 crore, the year ago.
Mid-sized software services firm Mindtree on Monday posted 21.2% jump in consolidated net profit at Rs 156 crore for the March quarter on the back of large deal wins.
The Bengaluru-based firm had posted a net profit of Rs 128.7 crore in the year-ago period.
Its consolidated revenue jumped 44.2% to Rs 1,324.2 crore in January-March from Rs 918.1 crore a year ago.
He added that the company has seen revenues growing at above 15% in the last few years, a trend that is "expected to continue" this fiscal as well.
The company does not give revenue guidance.
In dollar terms, net profit rose 11.1% to $23 million, while revenue jumped 32.3% to $195.6 million.
For the year ended March 31, net profit grew 12.5% to Rs 603.3 crore, while revenue was up 31.7% at Rs 4,689.6 crore as against the previous fiscal.
The company had 348 active clients as of March 31. It added 37 new clients in the last quarter of 2015-16. It saw the number of $25-million clients growing to 6, $10 million clients to 15, $5 million clients to 31 and $1 million clients to 101.
Mindtree Q4 Earnings
- Net profit up at 21.2%
- Consolidated Revenue jumped 44.2%
- Added 37 new clients in the last quarter
- Declared interim dividend of 20%
Mindtree added 1,020 people during the quarter on a gross basis, taking its headcount to 16,623.
Rostow said the firm's deep domain and technology expertise, combined with a sustained investment in building the workforce of tomorrow have produced stellar results.
Asked about the geographies, Rostow said the US continues to see strong demand and growth.\
"Europe is a mixed picture... It also suffers from cross currency impact," he said, adding that the company will have a lower visa spend of $2 million this fiscal as compared to $3.5 million last year.
The company has also earmarked a capex of $22 million for the ongoing fiscal.
Revenues from retail, CPG and manufacturing for the reported quarter stood at Rs 241.4 crore, Banking, Financial Services and Insurance was at Rs 307.5 crore, Technology, Media and Services at Rs 415.7 crore and Travel and Hospitality at Rs 212.1 crore.
The Board of Directors declared an interim dividend of 20% (Rs 2 per equity share after bonus issue of the par value of Rs 10 each) for the quarter ended March 31, 2016 and has recommended a final dividend of 30% (Rs 3 per equity).
Mindtree ended at Rs. 731.35 per share, up 6.22% or Rs 42.85, on Monday. The markets are closed on Tuesday on account of Mahavir Jayanti.
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