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Published on 14/07/2022 12:09:13 PM | Source: Accord Fintech

Mindtree falls despite reporting 37% rise in Q1 consolidated net profit

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Mindtree is currently trading at Rs. 2802.00, down by 97.35 points or 3.36% from its previous closing of Rs. 2899.35 on the BSE.

The scrip opened at Rs. 2968.00 and has touched a high and low of Rs. 2968.00 and Rs. 2780.65 respectively. So far 58500 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 5059.15 on 18-Nov-2021 and a 52 week low of Rs. 2564.95 on 14-Jul-2021.

Last one week high and low of the scrip stood at Rs. 2968.00 and Rs. 2765.30 respectively. The current market cap of the company is Rs. 46402.91 crore.

The promoters holding in the company stood at 60.99%, while Institutions and Non-Institutions held 23.75% and 15.26% respectively.

Mindtree has reported a rise of 37.29% in its net profit at Rs 471.60 crore for the quarter ended June 30, 2022 as compared to Rs 343.50 crore for the same quarter in the previous year. Total income of the company increased by 33.73% at Rs 3,160.60 crore for Q1FY23 as compared Rs 2,363.50 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a rise of 37.33% in its net profit at Rs 471.60 crore for the quarter ended June 30, 2022 as compared to Rs 343.40 crore for the same quarter in the previous year. Total income of the company increased by 33.73% at Rs 3,160.60 crore for Q1FY23 as compared Rs 2,363.50 crore for the corresponding quarter previous year.