MindTree Ltd.

NSE: MINDTREE | BSE: 532819 | ISIN: INE018I01017 | Industry: IT Consulting & Software
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MindTree Ltd.
MindTree Ltd.
18 Jul 2019
Dolat Capital
View: Muted growth, generous appraisal hollows down the profitability Mindtree reported disastrous quarterly earnings with a muted revenue growth of 1.1% in CC terms and an OPM decline of over 650bps sequentially in Q1FY20. The revenue growth slip was on account of weakerthan-expected ramp-up on deals owing to the uncertainty around the management changes; while profitability took a blow as Mindtree made generous appraisals (announced one-time special rewards to employees as Mindtree celebrated completion of 20 years in operations of about ~ 450mn, on top of regular wage hikes) to its employees....
MindTree Ltd. has an average target of 3837.00 from 1 broker.
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