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Apr 19 • 9 tweets • 5 min read
Mindtree Limited Q4 FY22 Earnings ConCall Summary

#MINDTREE #MINDTREEQ4 #concall #concalls #insights #results #stocks #TrendingStocks #earnings #stockmarketindia #StockToWatch
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MINDTREE reported that it is increasing investments in Metaverse Solutions and capabilities to extend its technology and design thinking leadership into an integrated consulting led Metaverse offering.
MINDTREE’s net headcount addition in FY22 was over 11,200, more than six times the headcount addition in FY21. Through FY23, MINDTREE expects its hiring of fresh graduates to increase significantly.
Q&A Insights: Sandip Agarwal of @EdelweissFin asked about manpower situation vs. 3Q22. Debashis, CEO said that MINDTREE have been trying to control attrition. Though LTM attrition is still on the rise, but expects it to stabilize and gradually come down over a period of time.
Q&A Insights: Vibhor Singhal from @Phillip_Capital asked about salary hikes for FY23. Vinit Teredesai, CFO replied that both offshore on-site and timing, MINDTREE’s endeavor is to stick to the cycle in 2Q23. Salary hikes are expected to be in line with the industry requirements.
Q&A Insights: Vimal Gohil with Union Mutual Fund asked if receivables should normalize during the year. Debashis, CEO answered that 60 to 65 days is MINDTREE’s sweet spot. And that’s what the company intends to look at, and will try to maintain the DSO within that range.
Q&A Insights: Vikas Ahuja of Antique Stockbroking asked if growth could be materially different from what was achieved in FY22. Venu Lambu, ED said that as of today MINDTREE has a robust pipeline, which it is confident that it will continue to strengthen and grow in the near-term
Q&A Insights: Sidharth Vohra asked about the number of lateral hires vs. fresher additions. Debashis, CEO replied that when MINDTREE does hiring, it’s a combination of hiring. In last 2-3 quarters, MINDTREE’s hiring of freshers is roughly in the range of 1,500 plus per quarter.
To read further on the detailed analysis of #MINDTREE concall Q&A …

alphastreet.com/india/mindtree…

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