IT firm Mindtree on Thursday reported a 87.9 per cent rise in consolidated net profit at Rs 253.7 crore for the July-September 2020 quarter, and said it was confident of continuing its growth momentum.

The company, which had registered a net profit of Rs 135 crore in the September 2019 quarter, will also roll out salary hikes with effect from January 1, 2021.

The Bangalore-based company saw its revenue grow marginally to Rs 1,926 crore in the September 2020 quarter from Rs 1,914.3 crore in the year-ago period.

The company attributed the strong growth in profits to operational efficiencies.

“The world is slowly emerging from the challenges caused by the pandemic...we achieved our commitment of delivering profitable growth, quarter-over-quarter, and also successfully navigating through the challenging business environment,” Mindtree CEO and MD Debashis Chatterjee said.

The board of directors has declared an interim dividend of Rs 7.5 per equity share.