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HomeMarketResultsTech Mahindra Q2 consolidated PAT declines by 4% to Rs 1,285 crore

Tech Mahindra Q2 consolidated PAT declines by 4% to Rs 1,285 crore

on Tuesday reported a 4 per cent decline in consolidated revenue after tax at Rs 1,285 crore within the September quarter.

The nation’s fifth largest IT companies exporter had reported a internet revenue of Rs 1,339 crore within the year-ago interval.

The corporate’s general income rose 20.7 per cent to Rs 13,129 crore within the second quarter of the present fiscal. In the identical interval a 12 months in the past, it stood at Rs 10,881 crore, based on a press release.

Tech Mahindra’s Chief Govt Officer and Managing Director C P Gurnani described the market circumstances as “evolving” and mentioned that provide aspect challenges proceed.

It reported a complete contract worth of newly signed offers at USD 716 million for the September quarter as in opposition to USD 750 million within the year-ago interval and USD 802 million within the previous June quarter.

The corporate added over 5,000 individuals to its headcount throughout the newest September quarter, taking the general worker base to 1.63 lakh.

Shares of the corporate closed 0.43 per cent increased at Rs 1.068.10 apiece on the BSE on Tuesday as in opposition to features of 0.62 per cent on the benchmark

(Solely the headline and movie of this report might have been reworked by the Enterprise Customary employees; the remainder of the content material is auto-generated from a syndicated feed.)

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