BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Direct Report
Mindtree Ltd. reported a healthy set of Q4 FY21 numbers.
The company reported dollar revenue growth of 5.2% Quarter on Quarter in line with our estimate of 5.0% QoQ.
Ebitda margin came in at 21.9% (down 119 basis points QoQ, mainly led by wage hikes) but was higher than our expectation of 20.5%.
The deal pipeline increased 20% QoQ (down 4.6% YoY) to $375 million.
The company added 989 employees in the quarter, with utilisation increasing 120 bps QoQ to 84.3% and offshore effort mix flat QoQ at 82.9%.
The company has declared a dividend of | 17.5/share.
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