Tech Mahindra Q2 Results: Profit zooms 153% YoY to Rs 1,250 crore, revenue up 3.5%

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IT services firm Tech Mahindra on Saturday said its September quarter consolidated net profit jumped 153.1% year-on-year (YoY) to Rs 1,250 crore while revenue rose 3.5% YoY to Rs 13,313 crore.

On a sequential basis, profit and revenue saw growth of 46.81% and 2.36%, respectively.

While announcing the quarterly numbers, the Mahindra Group company also declared an interim dividend of Rs 15 per equity share and fixed November 1 as the record date for determining eligibility of shareholders.

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Tech Mahindra Q2 Results: Profit zooms 153% YoY to Rs 1,250 crore, revenue up 3.5%


IT services firm Tech Mahindra on Saturday said its September quarter consolidated net profit jumped 153.1% year-on-year (YoY) to Rs 1,250 crore while revenue rose 3.5% YoY to Rs 13,313 crore.

On a sequential basis, profit and revenue saw growth of 46.81% and 2.36%, respectively.

While announcing the quarterly numbers, the Mahindra Group company also declared an interim dividend of Rs 15 per equity share and fixed November 1 as the record date for determining eligibility of shareholders.

More to come….

Discover the stories of your interest



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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