Company: MindTree Ltd. Category: Broker Research


Mindtree reported weak performance on operational front with a miss on both USD revenues and EBIDTA margin. However, higher other income lead to PAT beatour estimates by 21% for the quarter. Mindtree delivered USD revenue growth of 2.3% for 1QFY18 (PLe: 3.4%) and Constant currency growth of 1.2% QoQ (vs. our estimate of 3%).    EBIDTA margin came at 11.1% down 310bps QoQ below our estimates (PLe : 12.5%).
Aug. 24, 2017, 4:50 p.m.

MindTree Consulting: Upgrade to Neutral, says Motilal Oswal
Aug. 23, 2017, 2 p.m.

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