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Mindtree is in the limelight after having got the shareholders approval for a 1:1 bonus.

It has fixed 10th March as the record date.


Financially, the company did OK in Q3FY16. It posted a revenue of Rs.1214 crore, up 4% (QoQ) and net profit at Rs.151 crore, decline of 5%. In do
terms, revenue rose 2% at $184.4 million and net profit declined 6% at $23 million. Increase in expenses is what dented the bottomline. The company had
forex gain of Rs.9 crore and is largely debt free.
Post this bonus issue, equity will double up from current Rs.84 crore to Rs.168 crore.
During the quarter, it added 1,306 employees on a gross basis and total employee count stands at 16,243. It has 294 active clients as of December 31, 2015. Trailing
months attrition is at 16%.

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