Wednesday, January 18, 2012

MindTree Limited = RESULTS = FOR Q3 FY 2012 = Q/E DEC,2011 = NPT UP 99% YOY


MindTree Limited

NSE Symbol        MINDTREE

MINDTREE LTD has declared its consolidated Results for Q3 FY 2012 ending Dec,2011.

Net Sales stands at Rs.519.70 cr – up by 13.79% from Q2 FY 12; up by 25.80% from Q1 FY 12 and up by  35.07% from Q3 FY 11.

Profit from Operations stands at Rs.69.90 cr – up by 19.49% from Q2 FY 12; up by 88.41% from Q1 FY 12; and up by 116.95% from Q3 FY 11.

Profit before tax stands at Rs.73.40 cr – up by 12.23% from Q2 FY 12; up by 82.59 from Q1 FY 12; and up by 117.55 from Q3 FY 11.

Net Profit stands at Rs.60.60 cr – up by 11.19% from Q2 FY 12; up by 75.65% from Q1 FY 12; and up by 98.69% from Q3 FY 11.

On a Face Value of Rs.10, Basic EPS stands at Rs.15.02 in Q3 FY 12; Rs.13.56 in Q2 FY 12; Rs.8.61 in Q1 FY 12; and Rs.7.66 in Q3 FY 11.

Annual EPS can be in the region of Rs.38.

Current Market Price is Rs.455 while the 52 week high price is Rs.555 and the 52 week low price is Rs.287.65

The Price Earning Ratio is 11.97

The company has performed well – and promises well for the future – judging by its client acquisition.
 

WHAT COMPANY SAYS

Consolidated Financial Highlights
for the Third Quarter ended December 31, 2011

Ø  In dollar terms, Revenue grew by 2.3% Quarter over Quarter (QoQ) (3.1% on constant currency basis) and 21.6% Year over Year (YoY) to $103.7 Million.
Ø  In rupee terms, Revenue grew by 13.8% QoQ and 35.1% YoY to Rupees 5,197 Million.
Ø  In dollar terms, Profit After Tax (PAT) stable QoQ and increased by 79.8% YoY to $12.1 Million.
Ø  In rupee terms, PAT increased by 11.2% QoQ and 98.7% YoY to Rupees 606 Million.

Other Highlights

As of December 31, 2011, MindTree had 258 active customers, including 44 Global Fortune 500 Companies. $1 million customers increased by 2 to 74; and $20 million customers increased by 1 to 3.

 MindTree added 846 people on a gross basis during Q3, taking its total people strength to 10,934 as of December 31, 2011.

 Some of the significant client wins during Q3 were:

        1.   A Global Hotel Chain. MindTree has been chosen as its partner for its transformational e-business initiative.
        2.   A Global Automobile Company. MindTree has been empanelled as an additional vendor to provide IT services.
        3.   A Global research based Manufacturing Company. MindTree has been empanelled as an additional vendor to provide IT services.
        4.   A leading provider of technology based solutions for the ophthalmic industry.  MindTree will provide Product Engineering Services.

“Inspite of Q3 being a seasonally weak quarter, we have seen significant improvement in margins mainly due to the rupee depreciation and also a marginal increase due to our continued focus towards operational excellence initiatives. The global economic situation continues to be challenging and we need to constantly monitor this and be prepared. Over the last few quarters, our strategy to be an expertise led organization has yielded positive results and we believe that this direction will help us in dealing with such challenges more confidently.” said MindTree CEO & Managing Director, Krishnakumar Natarajan.

Ø  MindTree is ranked No. 1 among the Most Admired Knowledge Enterprise (MAKE) India Award winners in 2010, 13th in NASSCOM’s listing of Top IT Software and Services Exporters in India (excluding BPO).
Ø  In 2009, MindTree was ranked No. 2 in Asia and declared the overall winner in India in the Asiamoney Corporate Governance Poll. 

Consolidated  Results Table


Q3FY12
%dif1
%dif2
%dif3
Net Sales
51970
45,670.00
13.79
41,310.00
25.80
38,476.00
35.07
Raw Materials
-
-

-

25,858.00

Employees Cost
32420
30,470.00
6.40
27,930.00
16.08


Depreciation
1730
1,740.00
-0.57
1,800.00
-3.89


Other Expenditure
10830
7,610.00
42.31
7,870.00
37.61
-728
-1587.64
Total Expenditure
44980
39,820.00
12.96
37,600.00
19.63


Profit from Operations
6990
5,850.00
19.49
3,710.00
88.41
3,222.00
116.95
Other Income
360
700
-48.57
310
16.13
163
120.86
Interest
10
10
0.00
-

11.00
-9.09
Profit before tax
7340
6,540.00
12.23
4,020.00
82.59
3374
117.55
Tax Expense
1280
1,090.00
17.43
570
124.56
324.00
295.06
Net Profit
6060
5,450.00
11.19
3,450.00
75.65
3050
98.69
Consolidated NPT
6060
5,450.00
11.19
3,450.00
75.65
3,050.00
98.69
Face Value (in Rs.)
10
10
0.00
10
0.00
10.00
0
Paid-up Equity
4050
4,030.00
0.50
4,010.00
1.00
3987
1.58
Reserves
-
78,710.00

77,240.00

69993

Basic EPS
15.02
13.56
10.77
8.61
74.45
7.66
96.08
Diluted EPS
14.91
13.47

8.53

7.46
99.87


ANNOUNCEMENTS BY COMPANY

18-01-2012          MindTree's Q3 Revenue grows 2.3% QoQ and 21.6% YoY in USD terms. PAT increases 79.8% YoY and stable QoQ

14-12-2011          Millennium & Copthorne Hotels chooses MindTree as its strategic IT partner

02-12-2011          Tulip, MindTree and lomega come together to provide Digital Video Surveillance Solutions on Cloud

19-10-2011          Mindtree Introduces mPromo Trade Promotion Solution on Microsoft Azure

17-10-2011          A Milestone Quarter; Mindtree' s Q2 Revenue crosses $100 million. People Strength crosses 10,000 MindTree Minds

17-10-2011          interim dividend of 15% (Re 1.50 per equity share of par value Rs 10/- each) for the six months ended September 30, 2011 and a special dividend of 10% (Re 1.00 per equity share of par value Rs 10/- each) on the occasion of the Company crossing $ 100 million in revenues and 10,000 MindTree minds in this quarter.

17-10-2011          consolidated Results for the quarter ended on 30-SEP-2011 as follows: Net Sales of Rs. 45670 lacs for quarter ending on 30-SEP-2011 against Rs. 41310 lacs for the quarter ending on 30-JUN-2011. Net Profit / (Loss) of Rs. 5450 lacs for the quarter ending on 30-SEP-2011 against Rs. 3450 lacs for the quarter ending on 30-JUN-2011.

13-10-2011          MindTree Wins Asian Admired Knowledge Enterprise Award for Fourth Consecutive Year

21-09-2011          MindTree Unveils SecureMind Surveillance Manager on lomega StorCenter Network Storage Device

20-09-2011          MindTree's IEEE-11073 Stack for Connected Health Applications Achieves Continua Health Alliance certification

24-08-2011          MindTree's Subroto Bagchi Becomes India's Best Selling Business Author

18-08-2011          MindTree Named Among Top Industry Leaders in IT and Product Engineering Services by Global Services Media and NeoAdvisory

20-07-2011          MindTree's Q1 PAT Soars 120.6% YoY and 9.7% QoQ, Revenue grows 7.3% QoQ and 20.2% YoY in USD terms

20-07-2011          consolidated Results for the quarter ended on 30-JUN-2011 as follows: Net Sales of Rs. 41310 lacs for quarter ending on 30-JUN-2011 against Rs. 39120 lacs for the quarter ending on 31-MAR-2011. Net Profit / (Loss) of Rs. 3450 lacs for the quarter ending on 30-JUN-2011 against Rs. 3200 lacs for the quarter ending on 31-MAR-2011.

30-06-2011          MindTree Extends Strategic Partnership with Getronics for Remote Infrastructure Management, Telecom and Application Support Services

22-06-2011          MindTree Launches MWatch- Integrated IT Infrastructure Management Platform

20-06-2011          MindTree Enhances SITA's Flight Planning System.

14-06-2011          MindTree Launches High Accuracy Automatic Traffic Counting and Classification system

09-06-2011          MindTree Unveils Bluetooth Solutions Suite for In-car Health Applications

02-05-2011          MindTree Integrates its Business Intelligence/Data Warehousing and Analytics Practices into All-Encompassing Data & Analytic Solutions Practice".

25-04-2011          final dividend of 12.5% (Re.1.25 per equity share of par value Rs.10/- each) for the year ended March 31, 2011.

21-04-2011          "MindTree's Consolidated Revenue Grows 21.5% in FY 2010-11".

21-04-2011          consolidated Results for the year ended on 31-MAR-2011 as follows: Net Sales of Rs. 150900 lacs for year ending on 31-MAR-2011 against Rs. 129598 lacs for the year ending on 31-MAR-2010. Net Profit / (Loss) of Rs. 10160 lacs for the year ending on 31-MAR-2011 against Rs. 21484 lacs for the year ending on 31-MAR-2010.   -

21-04-2011          standalone Results for the year ended on 31-MAR-2011 as follows: Net Sales of Rs. 150900 lacs for year ending on 31-MAR-2011 against Rs. 123325 lacs for the year ending on 31-MAR-2010. Net Profit / (Loss) of Rs. 12310 lacs for the year ending on 31-MAR-2011 against Rs. 20808 lacs for the year ending on 31-MAR-2010.

*  *  *  E  N  D  *  *  *

No comments:

Post a Comment