Mindtree
The stock had ended the day in the red yesterday but the numbers came in after market closure; surely the 1:1 bonus and the very good numbers will spurt up the stock when it opens today. The company posted, for Q4FY14, a 24% (YoY) and 11% (QoQ) jump in net profit at Rs.98 crore and this was on a 34% (YoY) and 4.2% (QoQ) rise in revenue at Rs.824 crore. In dollar terms, net profit rose 12% and revenue 4% sequentially. Most analysts had expected the company to post a muted performance as rupee appreciation was to lead to forex loss but what is noteworthy here is that despite the expected huge forex loss, which was at Rs.43 crore (Rs.27 crore in Q3), the company managed to deliver this super performance. EBITDA came in at Rs.177 crore, up 15% (QoQ) while EBITDA margins expanded by a whopping 200 bps to 21.5%.
For FY14, the company reported a 33% jump in net profit at Rs.451 crore and in terms of US$, it rose 19%. Revenue, for the first time, crossed half a billion mark at Rs.3032 crore, up 28% and in terms of US$, it was at $501 million, up 15%.
This is its 15th year of existence and to commemorate that, it declared a generous 1:1 bonus and third interim dividend of Rs.5/share, and final and special dividend of Rs.5/share. But post the bonus, this inal & special dividend amounts would be accordingly reduced to Rs 2.5/share.
The company, as at 31st March 2014, had 207 active clients. It added 397 employees during the quarter on a gross basis, taking the total employee tally to 12,926. Attrition was at 12.7%, up from 11.6% in Q3. Cash as at 31/3/14 stood at Rs.118 crore, down from Rs.124 crore at end of FY13.