Mindtree Q4FY22 and Year Ended result : PAT grew 28.09% to ₹473.1 crore YoY

(1) Dividend : The Board of Directors have recommended a final dividend of 270% (₹27 per equity share of par value ₹10 each) for the financial year ended March 31, 2022 (2) Cash and investments at an all-time high of $474.6 million

Pic credit- seeklogo.com
article continues after this advertisement

Mindtree Ltd, an Indian multinational information technology services and consulting company, headquartered in Bangalore which is a part of the Larsen & Toubro Group has announced its Q4FY22 and financial Year Ended result, today. The details are as below :

(I) Audited Consolidated Financial Results for Quarter Ended (YoY comparison):

The company has reported, a consolidated Total Income of ₹2,987.3 crore in the quarter ended on March 31, 2022 as against ₹2,148.2 crore in the corresponding quarter ended last year on Mar 31, 2021, increased by 28.09%.

The company has posted a consolidated Net Profit of ₹473.1 crore in the quarter ended on March 31, 2022 as against ₹317.3 crore in the corresponding quarter ended in last year on Mar 31, 2021. The PAT surges up by 32.4%.

The status of the EPS of the company stood at ₹28.71 as on March 31, 2022 compared to the previous quarter ended on Mar 31, 2021 which was ₹19.26, up by 32.91%.

₹*Mar 31, 2022Dec 31, 21Mar 31, 21
Total Income2987.32820.82148.2
Total Expenses2360.82233.81729.4
PBT /(credit)626.5587.0418.8
PAT /(Loss)473.1437.6317.3
*figures are in Crores
Mindtree Q4 result / logo credit- freelogovectors.net

(II) Audited Consolidated Financial Result details for the Year Ended :

The company has reported, a consolidated Total Income of ₹10,832.6 crore in the financial year ended on March 31, 2022 as against ₹8,119.5 crore for the financial year ended on Mar 31, 2021, increased by 24.97%.

The company has posted a consolidated Net Profit of ₹2,210.7 crore in the financial year ended on March 31, 2022 as against ₹1,498.4 crore for the financial year ended on March 31, 2021. The PAT surges up by 33.21%.

The status of the EPS of the company stood at ₹100.31 as on March 31, 2022 compared to the previous year ended on March 31, 2021 which was ₹67.44, up by 32.76%.

₹*Mar 31, 2022 (FY22)Mar 31, 2021 (FY21)
Total Income10832.68119.5
Total Expenses6621.96621.1
PBT /(credit)2210.71498.4
PAT /(Loss)1662.91110.5
*figures are in Crores

(III) Key Highlights about the Performance :

  • Revenue was ₹28,974 million (growth of 5.4% q-o-q / 37.4 % y-o-y)
  • Net profit was ₹4,731 million (growth of 8.1% q-o-q / 49.1 % y-o-y)
  • Revenue was ₹105,253 million (growth of 32.1%) year ended
  • o Net profit was ₹16,529 million (growth of 48.8%) year ended
  • Some key deals won in Q4 FY22:
  • A U.S.-based global leader in design software and services chose Mindtree as its strategic partner to provide product support to enhance customer experience and optimize costs.
  • A Dutch multinational company awarded Mindtree a managed support services contract for digital marketing, ecommerce, DataOps, and IoT services.
  • A leading U.S.-based managed healthcare and insurance company selected Mindtree as a preferred partner for digital transformation and modernization work.
  • A leading multinational cards and payments provider selected Mindtree to consult and create a roadmap for its journey to the public cloud for transforming its highly sophisticated
  • operations portfolio and enabling it for the hybrid and multi-cloud environment. This engagement includes defining the target operating model, processes, tools, and skills.
  • A leading U.S. flagship airline signed a multiyear contract with Mindtree. As part of the contract, Mindtree will support core airline systems, including commercial, operations and enterprise IT, through business verification testing services.

(IV) Announcements:
1. The Board of Directors have recommended a final dividend of 270% (₹27 per equity share of par value ₹10 each) for the financial year ended March 31, 2022 which is subject to the approval of shareholders at the Annual General Meeting.

(V) Additional Achievements :

  • Milestone of ₹100 billion in revenue & EPS of ₹100 in FY22
  • Client addition: 12 in $10mn+ band & 7 in $20mn+ band in FY22
  • Healthy order book of $1.6 billion, up 16.7% in FY22
  • Cash and investments at an all-time high of $474.6 million
  • Net headcount addition of 11.2K, up 47.3% in FY22

The stock last hit in BSE,

  • Intraday High of ₹ 4004.70
  • Intraday low of ₹ 3834.05