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Tech Mahindra declines on reporting 8% fall in Q1 consolidated net profit

01 Aug 2014 Evaluate

Tech Mahindra is currently trading at Rs. 2102.00, down by 48.30 points or 2.25% from its previous closing of Rs. 2150.30 on the BSE.

The scrip opened at Rs. 2044.00 and has touched a high and low of Rs. 2114.75 and Rs. 2026.55 respectively. So far 89020 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2198.05 on 28-Jul-2014 and a 52 week low of Rs. 1202.70 on 02-Aug-2013.

Last one week high and low of the scrip stood at Rs. 2198.05 and Rs. 2026.55 respectively. The current market cap of the company is Rs. 49321.91 crore.

The promoters holding in the company stood at 36.15% while Institutions and Non-Institutions held 49.87% and 13.97% respectively.

Tech Mahindra’s net profit has declined by 11.99% at Rs 527.01 crore as compared to Rs 598.87 crore for the quarter ended June 30, 2013. However, the company’s total income has increased by 23.59% to Rs 4590.53 crore for the quarter under review from Rs 3714.17 crore for the corresponding quarter of the previous year.

On the consolidated basis, the Group has reported 8.09% fall in its net profit after taxes & Minority interest at Rs 630.72 crore for the quarter as compared to Rs 686.31 crore for the same quarter in the previous year. However, Its total income has increased by 20.88% at Rs 5210.77 crore for quarter under review as compared to Rs 4310.53 crore for the quarter ended June 30, 2013.

Tech Mahindra Share Price

1511.85 20.95 (1.41%)
17-Apr-2026 16:59 View Price Chart
Peers
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