Mindtree

The company, as it has forewarned posted a set of disappointing numbers for Q4FY15. Net profit for the quarter declined sequentially to Rs.129 crore, down 8% and this was mainly on the back of forex loss of Rs.13 crore v/s forex gain of Rs.7 crore in Q3. Rupee revenue growth was flat at Rs.918 crore, up 0.7%. Dollar revenue rose 1.8%. Other income more than doubled to Rs.30 crore. The company’s EBITDA fell 5% at Rs.179 and operating margin dropped to 19.5%, down 120 bps (QoQ).

The company ended FY15 with a 16.4% growth in dollar revenue, much ahead of NASSCOMs estimate of 13-15% for the industry for FY15. Rupee revenue grew 17.5% at Rs.3562 crore. As at end of FY15, the company had 217 active clients and attrition rate, which is a very significant indicator of the company’s actual health on the floors, was up by 10 bps at 18.2% v/s 18.1% in Q3. Total employee count at end of the fiscal stood at 14,202.