Mindtree Q4 preview: Commentary on Travel biz, growth outlook for FY21 eyed

Mindtree is slated to announce its March quarter results for the financial year 2019-20 (Q4FY20) on Friday. The mid-tier information technology (IT) services company is expected to take a hit on most of its verticals due to disruptions caused by Covid-19. However, analysts expect a higher impact on the company's Travel and Hospitality vertical, which constitutes over 16 per cent of total revenues, due to travel bans and restrictions.

Centrum Broking expects Mindtree's US dollar revenues to grow 1 per cent quarter-on-quarter (QoQ) and 6 per cent year-on-year (YoY) at $278 million. In rupee terms, revenue is expected to grow 3.2