BENGALURU, India – Mindteck (India) Restricted (BSE: 517344 and NSE: MINDTECK), a world engineering and expertise options firm, has introduced its audited monetary outcomes for the fiscal yr ended March 31, 2024. The corporate reported a consolidated income of Rs. 385.53 crore, marking a year-over-year development of 14.5%. This is a rise from the earlier fiscal yr’s income of Rs. 336.73 crore.
The agency’s consolidated web revenue additionally noticed a big rise, with a 31.5% improve to Rs. 27.31 crore for the fiscal yr, up from Rs. 20.77 crore the earlier yr. Equally, standalone web revenue grew by 22.9% to Rs. 18.27 crore.
In the latest quarter, Mindteck’s consolidated income stood at Rs. 97.90 crore, displaying an enchancment from each the earlier quarter’s Rs. 95.75 crore and the Rs. 88.74 crore reported in the identical quarter of the earlier yr. Nonetheless, the consolidated web revenue for the quarter skilled a slight decline to Rs. 6.48 crore in comparison with Rs. 7.19 crore within the earlier quarter.
The corporate’s chairman, Mr. Yusuf Lanewala, attributed the expansion to new enterprise wins and the acquisition of 37 new engagements in the course of the fiscal yr. He emphasised the crew’s laborious work and dedication as key components within the firm’s success. CEO Anand Balakrishnan echoed these sentiments, expressing satisfaction within the crew’s collective effort and highlighting the corporate’s wholesome liquidity and elevated earnings per share (EPS), which rose from Rs. 8.26 in FY 2023 to Rs. 10.97 in FY 2024.
Mindteck’s efficiency signifies its capacity to safe new purchasers and engagements, which reinforces its market place. The corporate’s focus stays on delivering options and providers that meet the evolving wants of its purchasers and stakeholders.
The knowledge reported is predicated on a press launch assertion from Mindteck.
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