Resilient Business Growth

The third-quarter results of Mindtree for 2020-21, proved to be a stellar performance, thanks to its broad-based revenue growth of 5.1 per cent at Rs 2,024 crore across verticals and service lines. Its Banking, Financial Services and Insurance (BFSI) segment rose 0.8 per cent, Communications, Media and Technology (CMT) grew 5 per cent, Retail, Consumer Packaged Goods and Manufacturing (RCM) grew 5.8 per cent and Travel, Transport, and Hospitality (TTH) saw a 13 per cent growth. The management feels these verticals are expected to witness strong growth backed by a robust deal pipeline in the coming quarters. Also foresees a positive outlook for the second half of the financial year 2021 despite some seasonal weakness. Strong execution, higher utilisation and decreased travel cost have led to operating profit growth of 52.8 per cent Year-on-Year (Y-o-Y) at Rs 468 crore. The net profit for...