*Mindtree Ltd.* | *CMP* Rs. 2494 | *M Cap* Rs. 41076 Cr | *52 W H/L* 2619/963
(Nirmal Bang Retail Research)
*Result is above expectation*
Constant Currency growth came at 7.6% vs expectation of 6.1%, QoQ 5%
Order signed($ mn) came at $ 504 Mn vs QoQ $ 375 Mn, YoY $ 391 Mn
Dollar revenue came at $ 310.5 Mn,(7.7% QoQ, 22.6% YoY) vs expectation of $ 305.9 Mn, QoQ $ 288.2 Mn, YoY $ 253.2 Mn
Net sales came at Rs. 2291.7 Cr (8.6% QoQ, 20.1% YoY) vs expectation of Rs. 2252.2 Cr, QoQ Rs. 2109.3 Cr, YoY Rs. 1908.8 Cr
EBIT came at Rs. 406.3 Cr (3.8% QoQ, 54.9% YoY) vs expectation of Rs. 402.4 Cr, QoQ Rs. 391.3 Cr, YoY Rs. 262.3 Cr
EBIT Margin came at 17.7% vs expectation of 17.9%, QoQ 18.6%, YoY 13.7%
Adj. PAT came at Rs. 343.4 Cr vs expectation of Rs. 323.2 Cr, QoQ Rs. 317.3 Cr, YoY Rs. 213 Cr
Quarter EPS is Rs. 20.9
Stock is trading at P/E of 26.9x FY23E EPS*Mindtree Ltd.* | *CMP* Rs. 2494 | *M Cap* Rs. 41076 Cr | *52 W H/L* 2619/963
(Nirmal Bang Retail Research)
*Result is above expectation*
Constant Currency growth came at 7.6% vs expectation of 6.1%, QoQ 5%
Order signed($ mn) came at $ 504 Mn vs QoQ $ 375 Mn, YoY $ 391 Mn
Dollar revenue came at $ 310.5 Mn,(7.7% QoQ, 22.6% YoY) vs expectation of $ 305.9 Mn, QoQ $ 288.2 Mn, YoY $ 253.2 Mn
Net sales came at Rs. 2291.7 Cr (8.6% QoQ, 20.1% YoY) vs expectation of Rs. 2252.2 Cr, QoQ Rs. 2109.3 Cr, YoY Rs. 1908.8 Cr
EBIT came at Rs. 406.3 Cr (3.8% QoQ, 54.9% YoY) vs expectation of Rs. 402.4 Cr, QoQ Rs. 391.3 Cr, YoY Rs. 262.3 Cr
EBIT Margin came at 17.7% vs expectation of 17.9%, QoQ 18.6%, YoY 13.7%
Adj. PAT came at Rs. 343.4 Cr vs expectation of Rs. 323.2 Cr, QoQ Rs. 317.3 Cr, YoY Rs. 213 Cr
Quarter EPS is Rs. 20.9
Stock is trading at P/E of 26.9x FY23E EPS
(Nirmal Bang Retail Research)
*Result is above expectation*
Constant Currency growth came at 7.6% vs expectation of 6.1%, QoQ 5%
Order signed($ mn) came at $ 504 Mn vs QoQ $ 375 Mn, YoY $ 391 Mn
Dollar revenue came at $ 310.5 Mn,(7.7% QoQ, 22.6% YoY) vs expectation of $ 305.9 Mn, QoQ $ 288.2 Mn, YoY $ 253.2 Mn
Net sales came at Rs. 2291.7 Cr (8.6% QoQ, 20.1% YoY) vs expectation of Rs. 2252.2 Cr, QoQ Rs. 2109.3 Cr, YoY Rs. 1908.8 Cr
EBIT came at Rs. 406.3 Cr (3.8% QoQ, 54.9% YoY) vs expectation of Rs. 402.4 Cr, QoQ Rs. 391.3 Cr, YoY Rs. 262.3 Cr
EBIT Margin came at 17.7% vs expectation of 17.9%, QoQ 18.6%, YoY 13.7%
Adj. PAT came at Rs. 343.4 Cr vs expectation of Rs. 323.2 Cr, QoQ Rs. 317.3 Cr, YoY Rs. 213 Cr
Quarter EPS is Rs. 20.9
Stock is trading at P/E of 26.9x FY23E EPS*Mindtree Ltd.* | *CMP* Rs. 2494 | *M Cap* Rs. 41076 Cr | *52 W H/L* 2619/963
(Nirmal Bang Retail Research)
*Result is above expectation*
Constant Currency growth came at 7.6% vs expectation of 6.1%, QoQ 5%
Order signed($ mn) came at $ 504 Mn vs QoQ $ 375 Mn, YoY $ 391 Mn
Dollar revenue came at $ 310.5 Mn,(7.7% QoQ, 22.6% YoY) vs expectation of $ 305.9 Mn, QoQ $ 288.2 Mn, YoY $ 253.2 Mn
Net sales came at Rs. 2291.7 Cr (8.6% QoQ, 20.1% YoY) vs expectation of Rs. 2252.2 Cr, QoQ Rs. 2109.3 Cr, YoY Rs. 1908.8 Cr
EBIT came at Rs. 406.3 Cr (3.8% QoQ, 54.9% YoY) vs expectation of Rs. 402.4 Cr, QoQ Rs. 391.3 Cr, YoY Rs. 262.3 Cr
EBIT Margin came at 17.7% vs expectation of 17.9%, QoQ 18.6%, YoY 13.7%
Adj. PAT came at Rs. 343.4 Cr vs expectation of Rs. 323.2 Cr, QoQ Rs. 317.3 Cr, YoY Rs. 213 Cr
Quarter EPS is Rs. 20.9
Stock is trading at P/E of 26.9x FY23E EPS
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