Mindtree Q4 net benefit up 14 percent at Rs 78.9 cr

Average sized data innovation (IT) firm Mindtree has announced a 14 percent expansion in its independent net benefit, to Rs 78.9 crore, for the quarter finished March 31, 2013.

The organization had announced a benefit of Rs 69.2 crore in a similar period a year ago.

“MindTree’s independent income became 16.5 percent to Rs 612.4 crore for the January-March quarter from Rs 525.7 crore in the year-back period,” an announcement from the organization said.

The IT organization included 974 workers in the quarter to take its absolute headcount to 11,591 representatives as on March 31, 2013.

For the 2012-13 money related year, MindTree’s independent net benefit grew 55 percent to Rs 338.9 crore, while incomes were up 23.3 percent to Rs 2,361.8 crore.

“In a testing year, we have conveyed income development and better edges. We have likewise conveyed reliably, setting up a stage for proceeded with enhancements,” MindTree MD and CEO Krishnakumar Natarajan said.

The organization had 232 dynamic clients as on March 31, 2013, while $20 million clients expanded to five, the announcement said.

The Board of Directors prescribed a between time profit of 40 percent (Rs 4 for each value offer of standard esteem Rs 10 each) and a last profit of 50 percent (Rs 5 for every value share) for the financial finished March 2013, subject to endorsement by investors at the inevitable yearly broad gathering.

Alongside the interval profit of 30 percent proclaimed in October a year ago, the all out profit for the year comes to 120 percent (Rs 12 for each value share).

Mindtree said it plans to keep up comparative or better dimensions of profit payout throughout the following couple of years in perspective of the enhanced consistency and strength of the organization’s tasks.

“In any case, the real profit payout in every year will be liable to the venture necessities of the yearly working arrangement for the year and some other key needs distinguished by the organization,” the organization’s announcement said.

In addition, the Board has likewise affirmed Kalyan Kumar Banerjee’s ask for de-arrangement as an advertiser with prompt impact.

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