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Mindtree Q4 dollar revenue likely to witness growth of 3.8 pct

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New Delhi: Midcap IT company Mindtree is likely to post the March quarter net profit at Rs. 153 crore up 1.4 percent from Rs. 150.9 crore in the last quarter.

The company’s dollar revenue witnessed a growth of 3.85 percent at USD 191.5 million against USD 184.4 million in the last quarter.

According to a poll, Mindtree’s revenue in rupee terms may increase to 5.9 percent at Rs. 1286 crore against Rs. 1214.5 crore quarter-on-quarter.

In Q4, EB IT may come in Rs. 14.38 percent versus 14.8 percent on sequential basis. The fourth quarter is not expected to be strong as it had already issued profit warning stating that Q4 will be soft.

The company had in a statement said it expects the marginal revenue growth on an organic basis in dollar terms due to delay in commencement of a few projects in retail and consumer packaged goods vertical and BFSI vertical.

The management has maintained that it will exceed Nasscom’s growth estimates of 10-12 percent in FY17. (ANI)

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