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Mindteck (India) Ltd — Earnings Release 2022
Aug 13, 2021
60261_rns_2021-08-13_b7c43dd7-6b3b-41f2-8bcb-8426f6225bf2.pdf
Earnings Release
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Mindteck (India) Limited
(CIN: L30007KA1991PLC039702) AMR Tech Park, Block 1, 3rd Floor #664, 23/24, Hosur Road, Bommanahalli Bengaluru - 560068. India
Tel: +91 80 4154 8000/4154 8300 Fax: +91 80 4112 5813
www.mindteck.com
Ref: MT/SSA/2021-22/21
Scrip Code: 517344
August 13, 2021
Symbol: “Mindteck”
| To, BSE Limited Phiroze Jeejeebhoy Towers Dalal Street Mumbai- 400001 |
To, National Stock Exchange of India Limited Exchange Plaza, C-1, Block G, Bandra Kurla Complex, Bandra (E) Mumbai – 400 051 |
|---|---|
Dear Sir/Madam,
Subject: Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
With reference to the above-mentioned subject, Mindteck would like to send a press release today on– “ Mindteck Reports Financial Results for Q1 2021-22 ”.
The copy of the press release is attached for the same.
Please take the above intimation on record and kindly acknowledge.
Thanking you,
Yours Truly,
For Mindteck (India) Limited
Digitally signed by Shivarama Adiga S DN: cn=Shivarama Adiga S, o=Mindteck Shivarama (India) Limited, ou=Legal and Secretarial Department, [email protected], c=IN Adiga S Date: 2021.08.13 16:43:51 +05'30'
Shivarama Adiga S.
VP, Legal and Company Secretary
UNITED STATES INDIA CANADA SINGAPORE MALAYSIA NETHERLANDS PHILIPPINES BAHRAIN GERMANY TURKEY UNITED KINGDOM
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Mindteck (India) Limited AMR Tech Park, Block 1, 3rd Floor #664, 23/24, Hosur Main Road Bommanahalli, Bengaluru - 560068. India (CIN: L30007KA1991PLC039702)
Tel: +91 80 4154 8000/4154 8300 Fax: +91 80 4112 5813 www.mindteck.com
Mindteck Reports Financial Results for Q1 2021-22
Bengaluru, India – August 13, 2021: Mindteck (India) Limited (BSE: 517344 and NSE: MINDTECK), the global engineering and technology solutions company with niche knowledge and expertise in the storage, medical device, semiconductor and analytical instrument industries, reported its unaudited financial results for the first quarter ended June 30, 2021.
The company’s consolidated revenue for the quarter stood at Rs. 73.42 crores as against Rs. 72.57 crores for the previous quarter ended March 31, 2021, and Rs. 68.62 crores for the corresponding quarter ended June 30, 2020. Consolidated net profit for the quarter stood at Rs. 21.46 crores (that included an exceptional item of Rs. 18.18 crores) as against a profit of Rs. 5.42 crores for the previous quarter ended March 31, 2021, and Rs. 1.67 crores for the corresponding quarter ended June 30, 2020.
Mr. Yusuf Lanewala, Non-Executive Chairman, commented, “We are very pleased about the continued growth momentum in revenue, operating profitability and increased client demand for support in their digital transformation. It is indeed a great start to mark the beginning of our 30[th] year.”
Mr. Anand Balakrishnan, Mindteck’s CEO and Managing Director, added, “Despite multiple challenges, it is gratifying to see continued market confidence and momentum quarter on quarter. Our focus on operating efficiencies have resulted in a significant growth in our bottom line as well. We appreciate the steadfast commitment and multiple contributions of our employees during this crucial time.”
He added, “In recent past, we entered into new partnerships and enhanced our internal capabilities with an eye toward increasing growth in the quarters ahead. We are fortunate that
INDIA UNITED STATES CANADA SINGAPORE MALAYSIA PHILIPPINES BAHRAIN GERMANY UNITED KINGDOM
www.mindteck.com
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the sense of forward movement has been heightened with more projects in the pipeline and the recent win of an interesting project involving software development for a virtual ventilator and patient monitoring system. This win is with a new medical device client, which is further testament to our niche knowledge in the domain.”
For more information, contact Athira Suresh at [email protected].
About Mindteck
Mindteck is a global engineering and technology solutions company devoted to delivering knowledge that matters to help clients compete, innovate and propel forward along the digital continuum. The company’s legacy expertise in embedded systems, enterprise applications and testing are a powerful complement to competencies in data services, such as AI/ML, and cloud, cybersecurity, and IoT. Since its establishment in 1991, Mindteck’s clientele has included top-tier Fortune 1000 companies, startups, leading universities, and government entities. The company is publicly traded on the Bombay Stock Exchange (BSE 517344) and the National Stock Exchange (NSE Mindteck). Founding Member: ‘The Atlas of Economic Complexity’ for the Center for International Development (CID) at Harvard University. Office Locations: India, United States, Canada, Singapore, Malaysia, Bahrain, Philippines, Germany and United Kingdom. Development Centers : Kolkata and Bengaluru, India. Appraised at Level 5 of the CMMI Institute’s Capability Maturity Model Integration (CMMI)®.
INDIA UNITED STATES CANADA SINGAPORE MALAYSIA PHILIPPINES BAHRAIN GERMANY UNITED KINGDOM