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HomeBusinessMindtree net profit jumps 49%, company announces dividend of Rs 37 per...

Mindtree net profit jumps 49%, company announces dividend of Rs 37 per share

Mindtree Net Profit: Veteran IT company Mindtree has released its quarterly results. The company has made a net profit of 49.1 percent in the fourth quarter of the financial year. After this increase, the profit of the company has reached Rs 473.1 crore. At the same time, earlier in the same quarter of the financial year 2020-21, the company’s net profit was Rs 317.3 crore.

What was the income of the company?
Mindtree on Monday said its consolidated operating income grew 37.4 per cent to Rs 2,897.4 crore during the quarter. It was Rs 2,109.3 crore in the same quarter of 2020-21 a year ago.

48.8 percent profit
Let us tell you that the consolidated net profit of the company for the entire financial year 2021-22 increased by 48.8 percent to Rs 1,652.9 crore from Rs 1,110.5 crore in the previous financial year 2020-21. The consolidated income of the IT company increased to Rs 10,523.3 crore in the year under review from Rs 7,967.8 crore in the previous fiscal.

Know what the CEO of the company said?
Debashish Chatterjee, Chief Executive Officer and Managing Director, Mindtree said in a statement, “Earnings have grown by 31.1 per cent during the full financial year. This confirms the strategy we have adopted to meet the growing demand by expanding the service range and through other initiatives. Our margin before tax (EBITDA) also grew by 20.9 per cent and margin after tax by 15.7 per cent, which is the highest in a decade.

Declared dividend of Rs 37
He said that for the whole year, the company has declared a dividend of Rs 37 per share, which is the highest ever in a single year. Chatterjee said, “We are increasing investment in Metaverse technology.

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