InvestorQ : How did you find the Q4 results of Mindtree announced later on Monday?
Rutuja Nigam made post

How did you find the Q4 results of Mindtree announced later on Monday?

Answer
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4 weeks ago
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For the fourth quarter of FY22 ended Mar-22, Mindtree reported 37.4% growth in total sales at Rs.2,897 crore. CMT led the charge and contributed 43.3% of revenues followed by Retail/CPG at 22.6% and the more prominent BFSI space at 18.2%. Geographically, North America accounted for 73.6% of total revenues followed by EU at 9% and UK/Ireland 8.7%. Mindtree added 11 clients in Q4 taking the total tally to 276 clients while Q4 TCV (total contract value) was $390 million.

Mindtree Ltd

Rs in Crore

Mar-22

Mar-21

YOY

Dec-21

QOQ

Total Income (Rs cr)

₹ 2,897.40

₹ 2,109.30

37.36%

₹ 2,750.00

5.36%

EBITDA (Rs cr)

₹ 608.30

₹ 462.60

31.50%

₹ 592.10

2.74%

Net Profit (Rs cr)

₹ 473.10

₹ 317.30

49.10%

₹ 437.50

8.14%

Diluted EPS (Rs)

₹ 28.66

₹ 19.25

₹ 26.50

EBITDA Margins

20.99%

21.93%

21.53%

Net Margins

16.33%

15.04%

15.91%

Let me now turn to the operating profit performance of Mindtree for Q4. Operating profits were up 31.5% at Rs.608.30 crore implying 20.99% operating margins. Like for other IT companies, employee attrition at 23.6% was a worry. Overall order book for FY22 surged by an impressive 16.7% at $1.6 billion. However, on account of the pressure on the operating profits, the ROE and the ROCE of Mindtree Ltd remained almost constant compared to the sequential Dec-21 quarter.

For Q4 FY22, the net profits were up by 49.1% at Rs.473.10 crore helped along by robust growth in orders and client margins overall. CMT (communications, media, technology) alone contributed over 50% of the EBIT. The other major contributor to EBIT was retail/CPG. The Mindtree board recommended a dividend of Rs.27 per share for FY22. PAT margins improved from 15.04% in Mar-21 quarter to 16.33% in Mar-22 quarter. Even on sequential quarter-on-quarter basis, net profit margins were higher by 42 basis points.

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