Maintain BUY with TP of Rs 1,140, 20x Dec-20E EPS supported by >30% RoIC and strong growth trajectory (rev/EPS at 14/25% CAGR over FY18-21E). Mindtree crossed >USD1bn annual revenue-rate, posted in-line rev and operating performance, while forex loss impacted profit. Revenue came at USD 251mn, 2.4/17.8% QoQ/YoY in CC terms. EBITDA margin increased by 48bps QoQ to 15.9% in 3Q. APAT came at Rs 1.62bn, impacted by forex loss of 0.37bn (vs. forex gain of Rs 0.40bn in 2Q).