MindTree, IT solutions and product engineering services company, witnessed a fall in share price on Monday after it has reported a 31.10% rise in profit for the quarter ended Mar. 31, 2015. The company has earned Rs. 1,287 million, or Rs. 15.32 a share in the quarter, compared with Rs. 982 million, or Rs. 11.71 a share for the same period last year. However, on sequential basis, net income declined 8.60% from Rs 1,408 million for the December quarter.
 
Revenue during the quarter grew 11.50 percent to Rs. 9,181 million from Rs. 8,237 million in the previous year period. On sequential basis, revenue increased marginally by 0.70 percent from Rs 9117 million for the previous quarter.

Shares of the company are trading at Rs 1,227.85, down Rs 67.7, or 5.23% at the Bombay Stock Exchange (BSE) on Monday at 10:10 a.m.

The scrip has touched an intra-day high of Rs 1,289 and low of Rs 1,225.55. The total volume of shares traded at the BSE is 8,780.