Tech Mahindra's Q2 net profit rises 33% to Rs 1,586 crore
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- ✓Tech Mahindra reported a 33% rise in net profit to Rs 1,586 crore for the September quarter.
- ✓The Pune-based firm said revenue grew 15.6% to Rs 16,180 crore compared to last year.
- ✓Better operational efficiency helped the company get these results, showing steady growth across its major information technology service segments.
Story at a Glance
- Category
- BUSINESS
- Reported By
- Economic Times
- Reading Speed
- 1 Minute(s)
- Market Focus
- India Economy
Revenue rose 15.6% year-on-year to Rs 16,180 crore from Rs 13,995 crore a year earlier, the Pune-headquartered company said. Sequentially, it grew 3% from Rs 15,712 crore in the June quarter. In constant-currency terms, revenue was up 2.3% sequentially and 7% higher from a year ago.
Tech Mahindra, India's fifth-largest information technology services firm, on Thursday reported a 32.7% year-on-year increase in September-quarter net profit to Rs 1,586 crore, helped by robust growth and higher operational efficiency. Profit was up 8.3% sequentially.Revenue rose 15.6% year-on-year to Rs 16,180 crore from Rs 13,995 crore a year earlier, the Pune-headquartered company said. Sequentially, it grew 3% from Rs 15,712 crore in the
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Economic Times
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