MindTree profit increased 45.93% in (Q3) FY 2019-20

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Team Infinities:

MindTree Limited NSE Symbol:MINDTREE, BSE Security Code:532819 has declared its 3rd(third) quarter audited Consolidated financial report from the month of October, 2019 to the month of December, 2019; for the fiscal year 2019-20.

Revenue Reported by MindTree Limited for Third Quarter FY, 2019-20
Current Quarter (October, 2019 - December, 2019)Previous Quarter (July, 2019 - September, 2019)Corresponding Quarter (October, 2018 - December, 2018)9 Months Ended (April, 2019 - December, 2019)Corresponding 9 Months Ended (April, 2018 - December, 2018)
20.0019.3417.6757.9052.42
Calculated Revenue of MindTree Limited for Third Quarter FY, 2019-20
Current(December, 2019) VS Previous(September, 2019)Current(December, 2019) VS Corresponding(December, 2018)9 months Ended(April, 2019 - December, 2019) VS Corresponding 9 months Ended(April, 2018 - December, 2018)
ChangeChange %ChangeChange %ChangeChange %
0.663.41%(Revenue Increase)2.3313.19%(Revenue Increase)5.4810.45%(Revenue Increase)

Revenue: MindTree Limited's financial report shows that the company's revenue increased by 3.41% in QoQ(Quarter on Quarter) / current quarter(October, 2019 - December, 2019) for revenue increase of Rs.0.66 billion, as the company posted revenue of Rs.20.00 billions; in compare to previous quarter(July, 2019 - September, 2019) when the company reported revenue of Rs.19.34 billions.
The result also shows that the company's revenue increased by 13.19% in YoY(Year over Year) / in current quarter(October, 2019 - December, 2019) for revenue increase of Rs.2.33 billions; in compare to corresponding quarter(October, 2018 - December, 2018) when the company posted revenue of Rs.17.67 billions.
The company also reported that its revenue increased by 10.45% in 9 months end(April, 2019 - December, 2019) for revenue increase of Rs.5.48 billions, since the company reported revenue of Rs.57.90 billions; in compare to corresponding 9 months end(April, 2018 - December. 2018) when the company posted revenue of Rs.52.42 billions.

EBITDA Reported by MindTree Limited for Third Quarter FY, 2019-20
Current Quarter (October, 2019 - December, 2019)Previous Quarter (July, 2019 - September, 2019)Corresponding Quarter (October, 2018 - December, 2018)9 Months Ended (April, 2019 - December, 2019)Corresponding 9 Months Ended (April, 2018 - December, 2018)
3.412.682.638.168.45
Calculated EBITDA of MindTree Limited for Third Quarter FY, 2019-20
Current(December, 2019) VS Previous(September, 2019)Current(December, 2019) VS Corresponding(December, 2018)9 months Ended(April, 2019 - December, 2019) VS Corresponding 9 months Ended(April, 2018 - December, 2018)
ChangeChange %ChangeChange %ChangeChange %
0.7327.24%(EBITDA Increase)0.7829.66%(EBITDA Increase)0.293.43%(EBITDA Decrease)

EBITDA/ Earnings before interest, tax, depreciation and amortization: The company's financial report shows that the company's EBITDA increased by 27.24% in QoQ(Quarter on Quarter) / current quarter(October, 2019 - December, 2019) for EBITDA increase of Rs.0.73 billion, as the company posted EBITDA of Rs.3.41 billions; in compare to previous quarter(July, 2019 - September, 2019) when the company reported EBITDA of Rs.2.68 billions.
The result also shows that the company's EBITDA increased by 29.66% in YoY(Year over Year) / in current quarter(October, 2019 - December, 2019) for EBITDA increase of Rs.0.78 billion; in compare to corresponding quarter(October, 2018 - December, 2018) when the company posted EBITDA of Rs.2.63 billions.
The company also reported that its EBITDA decreased by 3.43% in 9 months end(April, 2019 - December, 2019) for EBITDA decrease of Rs.0.29 billion, since the company reported EBITDA of Rs.8.16 billions; in compare to corresponding 9 months end(April, 2018 - December. 2018) when the company posted EBITDA of Rs.8.45 billions.

Profit and Loss Reported by MindTree Limited for Third Quarter FY, 2019-20
Current Quarter (October, 2019 - December, 2019)Previous Quarter (July, 2019 - September, 2019)Corresponding Quarter (October, 2018 - December, 2018)9 Months Ended (April, 2019 - December, 2019)Corresponding 9 Months Ended (April, 2018 - December, 2018)
1.97(Profit )1.35(Profit )1.91(Profit )4.25(Profit )5.56(Profit )
Calculated Profit and Loss of MindTree Limited for Third Quarter FY, 2019-20
Current(December, 2019) VS Previous(September, 2019)Current(December, 2019) VS Corresponding(December, 2018)9 months Ended(April, 2019 - December, 2019) VS Corresponding 9 months Ended(April, 2018 - December, 2018)
ChangeChange %ChangeChange %ChangeChange %
0.6245.93%(Profit Increase)0.063.14%(Profit Increase)1.3123.56%(Profit Decrease)

Profit and Loss / PAT(Profit after Tax): The company's financial report shows that the company's profit increased by 45.93% in QoQ(Quarter on Quarter) / current quarter(October, 2019 - December, 2019) for profit increase of Rs.0.62 billion, as the company posted profit of Rs.1.97 billions; in compare to previous quarter(July, 2019 - September, 2019) when the company reported profit of Rs.1.35 billions.
The result also shows that the company's profit increased by 3.14% in YoY(Year over Year) / in current quarter(October, 2019 - December, 2019) for profit increase of Rs.0.06 billion; in compare to corresponding quarter(October, 2018 - December, 2018) when the company posted profit of Rs.1.91 billions.
The company also reported that its profit decreased by 23.56% in 9 months end(April, 2019 - December, 2019) for profit decrease of Rs.1.31 billions, since the company reported profit of Rs.4.25 billions; in compare to corresponding 9 months end(April, 2018 - December. 2018) when the company posted profit of Rs.5.56 billions.

EPS Reported by MindTree Limited for Third Quarter FY, 2019-20
Current Quarter (October, 2019 - December, 2019)Previous Quarter (July, 2019 - September, 2019)Corresponding Quarter (October, 2018 - December, 2018)9 Months Ended (April, 2019 - December, 2019)Corresponding 9 Months Ended (April, 2018 - December, 2018)
11.978.2011.6425.8233.87
Calculated EPS of MindTree Limited for Third Quarter FY, 2019-20
Current(December, 2019) VS Previous(September, 2019)Current(December, 2019) VS Corresponding(December, 2018)9 months Ended(April, 2019 - December, 2019) VS Corresponding 9 months Ended(April, 2018 - December, 2018)
ChangeChange %ChangeChange %ChangeChange %
3.7745.98%(EPS Increase)0.332.84%(EPS Increase)8.0523.77%(EPS Decrease)

EPS /Earning per Share: The company's financial report shows that the company's EPS increased by 45.98% in QoQ(Quarter on Quarter) / current quarter(October, 2019 - December, 2019) for EPS increase of Rs.3.77, as the company posted EPS of Rs.11.97; in compare to previous quarter(July, 2019 - September, 2019) when the company reported EPS of Rs.8.20.
The result also shows that the company's EPS increased by 2.84% in YoY(Year over Year) / in current quarter(October, 2019 - December, 2019) for EPS increase of Rs.0.33; in compare to corresponding quarter(October, 2018 - December, 2018) when the company posted EPS of Rs.11.64.
The company also reported that its EPS decreased by 23.77% in 9 months end(April, 2019 - December, 2019) for EPS decrease of Rs.8.05, since the company reported EPS of Rs.25.82; in compare to corresponding 9 months end(April, 2018 - December. 2018) when the company posted EPS of Rs.33.87.

Assets Reported by MindTree Limited for Third Quarter FY, 2019-20
DetailsNon-current AssetsCurrent Assets
Current Quarter(December, 2019)Previous Year End(March, 2019)Current Quarter(December, 2019)Previous Year End(March, 2019)
Reported18.3314.1229.2427.67
 ChangeChange %ChangeChange %
Calculated4.2129.82%(Assets Increase)1.575.67%(Assets Increase)

Assets:The company reported its non-current assets increased by 29.82% in current quarter(December, 2019) for non-current assets increase of Rs.4.21 billions, since the company reported net non-current assets of Rs.18.33 billions; in compare to previous year end(March, 2019) when the company reported net non-current assets of Rs.14.12 billions.
The balance sheet of the company also shows that, its current assets increased by 5.67% in current quarter(December, 2019) for current assets increase of Rs.1.57 billions, as the company reported net current assets of Rs.29.24 billions; against previous year end(March, 2019) when the company reported net current assets of Rs.27.67 billions.

Liabilities Reported by MindTree Limited for Third Quarter FY, 2019-20
DetailsNon-current LiabilitiesCurrent Liabilities
Current Quarter(December, 2019)Previous Year End(March, 2019)Current Quarter(December, 2019)Previous Year End(March, 2019)
Reported5.100.1810.898.55
 ChangeChange %ChangeChange %
Calculated4.922733.33%(Liabilities Increase)2.3427.37%(Liabilities Increase)

Liabilities:The company reported its non-current liabilities increased by 2733.33% in current quarter(December, 2019) for non-current liabilities increase of Rs.4.92 billions, since the company reported net non-current liabilities of Rs.5.10 billions; in compare to previous year end(March, 2019) when the company reported net non-current liabilities of Rs.0.18 billion.
The balance sheet of the company also shows that, its current liabilities increased by 27.37% in current quarter(December, 2019) for current liabilities increase of Rs.2.34 billions, as the company reported net current liabilities of Rs.10.89 billions; against previous year end(March, 2019) when the company reported net current liabilities of Rs.8.55 billions.


***All amounts are given in Billion Indian Rupees(INR) except EPS (Earnings per share) which are in Indian Rupees(INR) only.***
EBITDA=Commission/Interest + Depreciation and Amortization + Tax + Profit/Loss (PAT).
1 Lac = 100,000.
1 Million = 10 Lacs.
1 Crore = 10 Millions.
1 Crore = 100 Lacs.
1 Billion = 1000 Millions.
1 Billion = 100 Crores.

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