MindTree posts 115.3% jump in net profit

Mid-tier IT services firm MindTree on Monday posted a 115.3% jump in net profit for the fourth quarter ended March 2012. The profit during the quarter stood Rs 68.9 crore compared to Rs 32 crore during the same period last year.

In Q4 revenue was up 34% to Rs 525.7 crore. It had a revenue of Rs 391.2 crore in the same period previous fiscal.

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For the FY12,the Bangalore based IT company registered a net profit increase of 115% to Rs 218.5 crore. While revenue for the full year ended March 2012 stood at Rs 1915.2 crore.

The company said it will pay Rs 1.50 per share as final dividend.

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