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Mindteck (India) Limited (BSE: 517344 and NSE: MINDTECK), the international engineering and know-how options firm with area of interest information and experience in the storage, medical gadget, semiconductor and analytical instrument industries, reported its unaudited Financial Results for the second quarter ended September 30, 2022.
The firm’s consolidated income for the quarter stood at Rs. 84.07 crores as towards Rs. 81.26 crores for the earlier quarter ended June 30, 2022, and Rs. 75.97 crores for the corresponding quarter ended September 30, 2021. Consolidated internet revenue for the quarter stood at Rs. 4.73 crores as towards a revenue of Rs. 5.12 crores for the earlier quarter ended June 30, 2022, and Rs. 4.41 crores for the corresponding quarter ended September 30, 2021. Furthermore, YTD consolidated income for the six months ended September 30, 2022 stood at Rs. 165.33 crores as towards Rs. 149.39 crores for the six months ended September 30, 2021. YTD consolidated revenue for the six months ended September 30, 2022 stood at Rs. 9.85 crores as towards Rs. 25.87 crores for the six months ended September 30, 2021 (that included an distinctive merchandise of Rs. 18.18 crores).
The firm’s standalone income for the quarter stood at Rs. 32.96 crores as towards Rs. 31.38 crores for the earlier quarter ended June 30, 2022, and Rs. 30.48 crores for the corresponding quarter ended September 30, 2021. Standalone internet revenue for the quarter stood at Rs. 2.95 crores as towards a revenue of Rs. 3.93 crores for the earlier quarter ended June 30, 2022, and Rs. 2.52 crores for the corresponding quarter ended September 30, 2021. Furthermore, YTD income for the six months ended September 30, 2022 stood at Rs. 64.34 crores as towards Rs. 57.81 crores for the six months ended September 30, 2021. YTD revenue for the six months ended September 30, 2022 stood at Rs. 6.88 crores as towards Rs. 4.82 crores for the six months ended September 30, 2021(that included a provision for an distinctive merchandise of Rs. 0.62 crores).
The Chairman of the Board, Mr. Yusuf Lanewala, commenting on the outcomes for the second quarter of the 2023 fiscal, mentioned, “It is heartening to note that we are on the right track. In spite of the challenges posed by the global headwinds, we have been able to maintain our growth trajectory. These headwinds appear to be getting stronger as the year progresses, with looming uncertainties in the market, but I am confident that our reputation to deliver innovative solutions and our ability to ensure significant value to our clients, will only enable us grow further.”
Mr. Anand Balakrishnan, the CEO of Mindteck, mentioned, “During the year, in the post-pandemic business environment, we have had to now tackle the severe challenges posed by geo-political developments that led to businesses being cautious about investments. Regardless, we have won numerous projects against stiff competition, adding 29 new logos in the past 6-months. We have a focused team, cohesive in their mission to take this company to even greater heights in the coming years.”
For extra data, contact [email protected].
The firm’s consolidated income for the quarter stood at Rs. 84.07 crores as towards Rs. 81.26 crores for the earlier quarter ended June 30, 2022, and Rs. 75.97 crores for the corresponding quarter ended September 30, 2021. Consolidated internet revenue for the quarter stood at Rs. 4.73 crores as towards a revenue of Rs. 5.12 crores for the earlier quarter ended June 30, 2022, and Rs. 4.41 crores for the corresponding quarter ended September 30, 2021. Furthermore, YTD consolidated income for the six months ended September 30, 2022 stood at Rs. 165.33 crores as towards Rs. 149.39 crores for the six months ended September 30, 2021. YTD consolidated revenue for the six months ended September 30, 2022 stood at Rs. 9.85 crores as towards Rs. 25.87 crores for the six months ended September 30, 2021 (that included an distinctive merchandise of Rs. 18.18 crores).
The firm’s standalone income for the quarter stood at Rs. 32.96 crores as towards Rs. 31.38 crores for the earlier quarter ended June 30, 2022, and Rs. 30.48 crores for the corresponding quarter ended September 30, 2021. Standalone internet revenue for the quarter stood at Rs. 2.95 crores as towards a revenue of Rs. 3.93 crores for the earlier quarter ended June 30, 2022, and Rs. 2.52 crores for the corresponding quarter ended September 30, 2021. Furthermore, YTD income for the six months ended September 30, 2022 stood at Rs. 64.34 crores as towards Rs. 57.81 crores for the six months ended September 30, 2021. YTD revenue for the six months ended September 30, 2022 stood at Rs. 6.88 crores as towards Rs. 4.82 crores for the six months ended September 30, 2021(that included a provision for an distinctive merchandise of Rs. 0.62 crores).
The Chairman of the Board, Mr. Yusuf Lanewala, commenting on the outcomes for the second quarter of the 2023 fiscal, mentioned, “It is heartening to note that we are on the right track. In spite of the challenges posed by the global headwinds, we have been able to maintain our growth trajectory. These headwinds appear to be getting stronger as the year progresses, with looming uncertainties in the market, but I am confident that our reputation to deliver innovative solutions and our ability to ensure significant value to our clients, will only enable us grow further.”
Mr. Anand Balakrishnan, the CEO of Mindteck, mentioned, “During the year, in the post-pandemic business environment, we have had to now tackle the severe challenges posed by geo-political developments that led to businesses being cautious about investments. Regardless, we have won numerous projects against stiff competition, adding 29 new logos in the past 6-months. We have a focused team, cohesive in their mission to take this company to even greater heights in the coming years.”
For extra data, contact [email protected].
