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Mindtree Q4 FY20 net profit up 3.9% to Rs 206.2 cr, sees dip in demand

Mindtree posted a net profit of Rs 198.4 crore in the same period last year

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Chatterjee said the company has started working much in advance on business continuity efforts and therefore, the coronavirus pandemic did not affect its operations

BS Web Team PTI New Delhi

4 min read Last Updated : Apr 24 2020 | 10:42 PM IST

IT firm Mindtree on Friday reported 3.9 per cent rise in consolidated net profit to Rs 206.2 crore for March 2020 quarter, and said it anticipates softness in demand ahead as clients defer spending due to COVID-19 pandemic.

The Bengaluru-based company had posted a net profit of Rs 198.4 crore in the same period last year.

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Its revenue grew 11.5 per cent to Rs 2,050.5 crore in the quarter under review from Rs 1,839.4 crore in the year-ago period.

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Topics : Coronavirus MindTree Mindtree results Indian IT Sector

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