Tech Mahindra Q2 Profit Rises 33% to Rs 1,586 Crore
Revenue rose 15.6% to Rs 16,180 crore, EBIT margin expanded 40 basis points sequentially, and the board declared an interim dividend of Rs 15 per share.
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04:15:44 PM UTC
SquawkNews
Tech Mahindra’s consolidated net profit rose 32.8 per cent year-on-year (YoY) to ₹1,586 crore in the second quarter ended September 30, outpacing its 15.6 per cent revenue growth, as the IT services company sustained business momentum with more than $1 billion in deal wins in each of the last four…
Tech Mahindra’s revenue increased 15.6 per cent to Rs 16,180 crore. Its EBIT margin widened 40 basis points sequentially to 14.8 per cent, and the board declared an interim dividend of Rs 15 per share. On Thursday, Tech Mahindra reported a 32.7 per cent year-on-year (YoY) increase in consolidated net profit to Rs 1,586…