Mindtree Q4 Profit Rises 9pc, Offer Special Dividends, Stock Up
April 18, 2019
MindTree Limited, Software Company reported 18% year on year profit growth and
crossed one-billion-US-Dollar in annual revenue. The MindTree board has
recommended a special dividend of Rs.20 per share.
MindTree approved an interim dividend of 30%, that is, Rs.3pc equity share of
the face value of Rs.10 for which the record date was determined as 27-April.
addition, the company has recommended a final dividend of 40% i.e, Rs.4/- per
share and a special dividend of 200%, Rs.20 per equity share to celebrate the
milestone of exceeding USD1 billion, in annual revenue in FY19.
the company reported fourth quarter results of FY19 recording a revenue growth
of 2.9% on quarter on quarter basis and 25.6% on Year on year basis. Its profit
for Q4 was at Rs.1,984-mln, a growth of 8.9% on Year-on-year basis
Thursday during first afternoon hours of trade, the stock of Mindtree traded at
Rs. 982 per share, up by Rs9/- or 1percnet per cent on NSE.