Strong focus on operational efficiency drives Mindtree profit up 54% YoY

Revenue rises 2.9%, board recommends of 175% final dividend or Rs 17.5 per share

Mid-sized IT firm Mindtree on Friday reported a 53.9 per cent rise in fourth quarter profit to Rs 317.3 crore, while revenue rose 2.9 per cent year-on-year, helped by its focus on operational efficiency programmes over the last few quarters.

Revenue for the quarter ended March 31, 2021 was at Rs 2,109.3 crore. The company's Board also recommended a final dividend of 175 per cent or Rs 17.5 per equity share of par value Rs 10 each for the financial year ended March 31, 2021, subject to the approval of shareholders.

“The final dividend of Rs 17.5 per share announced