“We are proud to deliver another strong quarter, driven by significant traction in our client portfolio globally, leading to revenue growth of 5.2 per cent, Ebitda of 21.9 per cent, and an order book of $375 million at the end of Q4,” said Debashis Chatterjee, Chief Executive Officer and Managing Director, Mindtree.
“As we enter FY22, we are confident that continued client demand for our transformative services, a strong order book, and our strategic investments positions us well to deliver double digit growth and sustain EBITDA above 20 per cent,” Chatterjee added.
On the operational front, Mindtree's Ebitda (earnings before interest, tax, depreciation, and amortisation) grew a healthy 32 per cent on year to Rs 462.6 crore from Rs 351.2 crore. From the previous quarter, it was down 1.1 per cent. In dollar terms, the Ebitda was at $63.2 million, up 32.3 per cent YoY from $47.7 million.
The Ebit for the quarter, on the other hand, was Rs 391.3 crore and $53.5 million, up 38 per cent and 39 per cent YoY, respectively.
Mindtree's Ebitda margins improved from 17.1 per cent to 21.9 per cent over one year but were down from 23.1 per cent on a quarterly basis. Ebit margin too came under pressure on a sequential basis from 19.6 per cent to 18.6 per cent. In Q4FY20, it,however, was 13.8 per cent.
The Technology, Media and Communications segment contributed nearly half of the firm's total revenue, which was followed by Retail, CPG and Manufacturing segment (22.4 per cent), and BFSI segment (18.4 per cent).n
In absolute terms, Tech, Media and Communications generated revenue worth Rs 881.6 crore, while Retail, CPG, Manufacturing and BFSI generated revenue worth Rs 416.4 crore and Rs 419.5 crore, respectively.
Deals and contracts
Source: Financial statement.
The IT firm's total contract value (TCV) at the end of Q4FY21 stood at $375 million, down from $393 million YoY.
"Healthy order book of $1,382million with a growth of 12.3 per cent for FY21," it said in a statement.
The firm announced a final dividend of Rs 17.5 per share. Ahead of the result, shares of the firm ended 0.17 per cent higher at Rs 2,067.6 apiece on the BSE.
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