Tuesday, March 04, 2025 | 08:05 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Mindtree plunges 10% as Q1 profit halves; stock hits fresh 52-week low

The company's consolidated net profit declined 53% to Rs 93 crore in Q1FY20 against Rs 198 crore in Q4FY19.

Mindtree
Premium

SI Reporter Mumbai
Shares of Mindtree plunged 10 per cent to Rs 675, also its fresh 52-week low, in Thursday's early morning trade on the BSE, after the company’s consolidated net profit more than halved to Rs 93 crore in June quarter (Q1FY20), as compared to previous quarter. It had reported a profit of Rs 198 crore in the March quarter (Q4FY19).

The IT consulting & software company's operational revenue declined 0.3 per cent to Rs 1,834 crore from Rs 1,839 crore. On constant currency (CC) term, revenue grew 1.1 per cent on sequential basis.

Earnings before interest, tax, depreciation and

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in