Q2FY20 Earnings Report Of Mindtree Ltd - HDFC Securities
Trends in Sales and Margins
Revenue rose by 4.37% to Rs. 1914.3 Cr in Q2FY20 when compared to the previous quarter. Also, it increased by 9.05% when compared with Q2FY19. The Sales had been increasing from Q3FY19 to Q4FY19. It displayed an erratic but increasing trend from Q3FY19 to Q2FY20. EBITDA was Rs. 267.9 Cr for Q2FY20, a rise of 29.99% compared to Q1FY20.It decreased by 16.88% compared to Q2FY19 . It displayed an erratic but decreasing trend from Q2FY19 to Q2FY20. PAT for Q2FY20 was Rs. 135.0 Cr, a rise of 45.63% when compared to Q1FY20 . It displayed an erratic but decreasing trend from Q2FY19 to Q2FY20.
Trend of Other Expenses
The EBITDA Margin rose to 14.0% in Q2FY20, a rise of 280.0 bps compared to the last quarter. It was due to the fall in other and employee expenses as a proportion of sales. The EBITDA Margin was 18.4% same quarter last year. PAT Margin rose from 5.0% in Q1FY20 to 7.0% this quarter. It rose due to the rise in the EBITDA Margin .
The EPS rose this quarter to Rs. 8.2 from Rs. 5.6 in Q1FY20. In Q2FY19 it was Rs. 12.6.
The stock price of Mindtree Ltd decreased from Rs. 927.5 to Rs. 729.35 when compared to the previous quarter.
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