Tech Mahindra Q2 results: Net profit slips 4.44% to Rs 1,194.5 cr; revenue rises amid margin expansion
Tech Mahindra Q2 results: Net profit slips 4.44% to Rs 1,194.5 cr; revenue rises amid margin expansion
Tech Mahindra's net profit saw a 4.44% dip to Rs 1,194.5 crore in the September quarter, despite a revenue increase to Rs 13,995 crore. The IT services major's pre-tax profit margin expanded year-on-year to 12.1%, while its employee strength decreased by 1,559. Shares of Tech Mahindra closed higher, outperforming the benchmark index.
Tech Mahindra's net profit saw a 4.44% dip to Rs 1,194.5 crore in the September quarter, despite a revenue increase to Rs 13,995 crore. The IT services major's pre-tax profit margin expanded year-on-year to 12.1%, while its employee strength decreased by 1,559. Shares of Tech Mahindra closed higher, outperforming the benchmark index.
Tech Mahindra's net profit saw a 4.44% dip to Rs 1,194.5 crore in the September quarter, despite a revenue increase to Rs 13,995 crore. The IT services major's pre-tax profit margin expanded year-on-year to 12.1%, while its employee strength decreased by 1,559. Shares of Tech Mahindra closed higher, outperforming the benchmark index. 
