MindTree Ltd.

NSE: MINDTREE | BSE: 532819 | ISIN: INE018I01017 | Industry: IT Consulting & Software
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Arihant Capital
Mindtree reported good set of numbers in Q1FY21. Revenue stood slightly below our estimates while EBITDA and PAT are above our estimates. Company anticipates a healthy order book of USD 391M despite the global headwinds due to Covid-19 pandemic. Consolidated revenue for Q1FY21 stood at Rs 19,088 mn, slightly below our estimate of Rs 20,827 mn registering -6.9% QoQ/+4.1% YoY growth. Reported EBITDA grew +74.9% YoY/flat -0.5% QoQ to Rs 3,220 mn, above our estimate of Rs 2,916 mn, while EBITDA margin expanded 683bps...
MindTree Ltd. has an average target of 3837.00 from 1 broker.
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