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This Article is From Apr 20, 2022

Mindtree Q4 Result Review - Maintains Guidance Of 20%+ Ebitda Margin: ICICI Direct

Mindtree Q4 Result Review - Maintains Guidance Of 20%+ Ebitda Margin: ICICI Direct
Mindtree logo at the campus in Bengaluru. (Photo: BloombergQuint)

BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Direct Report

Mindtree Ltd. is a mid-tier IT company with a presence in the U.S., Europe & RoW catering to BFSI, communication media & technology, retail & travel.

Expertise in infrastructure & application catering to Global 2000 clients  Dividend leading margins (>20%) compared to mid-tier IT companies Q4 FY22 Results: Mindtree reported resilience on the margins front.

Fifth consecutive quarter of 5%+ CC quarter-on-quarter growth.

Ebit margins declined 30 basis points to 18.9%.

Order book healthy at $1.6 billion.

Click on the attachment to read the full report:

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

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