Mindtree net up 54%, to pay ₹17.5 dividend

Its dollar revenue grew 5.2% QoQ `Well positioned to deliver double-digit growth’

Larsen & Toubro-owned Mindtree reported a 2.8% (q-o-q) decline and 53.9% (y-o-y) increase in net profit to ₹317.3 crore for the quarter ended March. The firm posted a revenue of ₹2,109.3 crore — a growth of 4.2% and 2.9% growth q-o-q and y-o-y, respectively. In dollar terms, Q4 revenue at $288.2 million grew at 5.2% q-o-q and 3.5% YoY. Though net profit, at $43.3 million indicated a decline of 1.9% QoQ, it grew 53.4% y-o-y, the company said.