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Q4 may be better for Mindtree

By Praveena Sharma

MindTree Ltd, mid-tier information technology (IT) services and products company, will recover from the margin impact of wireless business restructuring in the current quarter with a likely uptick of around 300% basis points.

Though analysts believe it will be a while before the company’s revenue growth falls in line with its peers.

Analysts Sandeep Muthangi and Aniruddha Dange of IIFL Institutional Equities on Thursday wrote in a note that they expect MindTree’s margin to improve in the March quarter.