Mindtree Q4 Result Shows 49% Rise in PAT: Firm Declares Dividend

Mindtree is a mid-cap IT company located in Mumbai. It announced its consolidated Q4 earnings on 18 April 2022, showing a net profit of Rs. 473.1 crores for the quarter ending in March 2022. Going by this value, the company has taken a high jump from last year’s PAT in the same quarter, i.e., Rs. 317 crores. In addition, Mindtree has maintained a sequential growth of 8% year on year.

Get more insight into the Mindtree Q4 FY22 earnings and profit in the following sections!

How Much Dividend Does the Company Plan to Declare out of Its Profit?

In just one year, there has been a substantial rise in the FY22 earnings of Mindtree. The value has increased from Rs. 2,109 crores in 2021 to Rs. 2,897 crores in 2022. Mindtree has also recorded a growth of 49% in net profit, giving the company a nudge to declare a dividend to its shareholders.

In fact, the board members of Mindtree have declared an issue of a final dividend of Rs. 27/ share, having a face value of Rs. 10 for FY 2022. However, this issuance will depend on the discussion held at the 23rd Annual General meeting.

The main drivers of this growth include this company’s robust discretionary spending and new achievements. Apart from this, travel verticals and BFSI have also contributed to the profits.

Learn About the Performance of Mindtree on the Stock Exchange

Keeping the information available on the NSE in mind, the Mindtree share price closed at Rs. 3,956.15 apiece on Monday, 18 April 2022, which is 3.44% lower than the previous price. In fact, the company stock has been trading on the stock exchange at a 6.5% lower value for the past one week but has managed to generate revenue of 91.2% in one year.

Bottom Line

To sum up, the Q4 result of Mindtree shows a strong performance in its earnings and net profit. Thus, it gives greater scope for shareholders to earn more profit in the future. Moreover, the company has been working on reducing its depreciation, expanding verticals, and making new wins to grow more. So, individuals planning to invest in the company shares can start trading by opening their Demat account through Angel One platform. It allows easy access and a quick buy/sell option to users.

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