Shares of Mindteck (India) Limited surged 8.8% to Rs 255.98 today, following the company’s announcement of strong financial results for the third quarter ended December 31, 2024. The company posted a consolidated net profit of Rs 7.93 crore, up 10.29% from Rs 7.19 crore in the corresponding quarter of the previous year. Sales rose 8.64% year-on-year (YoY) to Rs 104.02 crore from Rs 95.75 crore.
The company’s operating performance remained steady, with continued improvement in profit before depreciation and tax (PBDT) and profit before tax (PBT). The positive performance, coupled with Mindteck securing 10 new business deals during the quarter, supported investor sentiment.
Key financial highlights:
- Net profit: Rs 7.93 crore, up 10.29% YoY from Rs 7.19 crore in Q3 FY24.
- Sales: Rs 104.02 crore, up 8.64% YoY from Rs 95.75 crore.
- Operating profit margin (OPM): 8.75%, slightly lower compared to 8.92% in Q3 FY24.
- PBDT: Rs 10.56 crore, up 7% YoY from Rs 9.84 crore.
- PBT: Rs 9.32 crore, up 7% YoY from Rs 8.73 crore.
The IT solutions provider continues to see rising demand in emerging sectors, such as cloud computing, AI, and digital transformation, which contributed to its overall growth trajectory.
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