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Mindtree share price zooms 4% on strong second quarter results, dividend announcement

Mindtree share price zooms 4% on strong second quarter results, dividend announcement

Fri, Oct 14, 2022

Mindtree has also announced a final dividend of Rs 27 per equity share of par value Rs 10 each for the financial year ended March 31, 2022.

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Mindtree share price: ICICI Securities downgrades stock to ADD (from BUY), price target Rs 1661

Mindtree share price: ICICI Securities downgrades stock to ADD (from BUY), price target Rs 1661

Tue, Jan 19, 2021

Mindtree share price: ICICI Securities says that potential for further margin surprise was the key rationale behind earlier BUY rating. Besides transient Covid-led tailwinds, Mindtree’s margin expansion was aided by sustainable and structural changes in costs. While ICICI Securities expected parity with the cost structure of LTI by FY23E, the convergence has happened earlier!.

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Mindtree share price: Management shares 4x4x4 strategy, Motilal Oswal says bigger aspirations require higher investments

Mindtree share price: Management shares 4x4x4 strategy, Motilal Oswal says bigger aspirations require higher investments

Fri, Dec 04, 2020

Mindtree announced its new 4x4x4 strategy, with four industry groups, four service lines, and four geographies. While the four industry groups are in its existing areas of operations, the changes in service lines (Customer Success, Data and Intelligence, Cloud and Enterprise IT) point to an elevated focus on Digital (three out of the four service lines are in the Digital domain). It plans to create local teams and leadership in non-US geographies (UK and Ireland, Continental Europe and Asia-Pacific and RoW) to sell their industry capabilities to a wider client base. 

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Mindtree Q3 net profit slips 26.7% to Rs 103 crore

Mindtree Q3 net profit slips 26.7% to Rs 103 crore

Fri, Jan 20, 2017

The Bengaluru-based firm had posted a net profit of Rs 140.7 crore in the year-ago period.

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Mindtree reports 37% drop in Q2 net profit

Mindtree reports 37% drop in Q2 net profit

Fri, Oct 21, 2016

On quarter-on-quarter basis, the net profit has been declined by 23.2%.

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Mindtree shares fall 7% as it expects lower revenue in Q2FY17

Mindtree shares fall 7% as it expects lower revenue in Q2FY17

Tue, Sep 06, 2016

Apart from revenue, the company expects margins to decline with a dip in EBITDA margins in this quarter as against Q1FY17. 

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