How has Mindtree Ltd fared in the immediate aftermath of its takeover by Larsen and Toubro Ltd (L&T) and the resultant churn? Revenue growth slowed across key business verticals. The banking, financial services (BFS), hi-tech and media segments, which together generate more than 60% of Mindtree’s revenue, saw a marked slowdown in revenue growth. As such, both the pressure on profitability and slowdown in revenue growth are higher than Street estimates. Rising employee churn amid management change can slow down business momentum, warned an analyst at a brokerage firm.

Source: Mint July 17, 2019 17:11 UTC