Mindtree's net profit surges 55% in rupee terms; recommends total dividend of 120%
In USD terms, revenues in the final quarter of the year were up 7.6 percent year on year at $113 million although profits fell 5.8 percent to $14.6 million.
For the full year revenues grew to $435.7 million, up 8.2 percent and net profits were also up 36.1 percent to $62.5 million. In rupee terms this equated to revenues up 23.3 percent and profits 55 percent.
The company had 232 active customers as of 31 March 2013 and 11,591 employees, an increase of 974.
"In a challenging year we have delivered revenue growth and better margins and have also delivered consistently quarter on quarter setting up a platform for continued improvements, said Mindtree CEO Krishnakumar Natarajan. "We have also made solid investments in leadership development, brand building and sales force enhancement an dare confident that all these will help us create an expertise led organisation that delivers sustained growth and shareholder value."
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