Tech Mahindra Ltd.

Tech Mahindra has reported results for first quarter ended June 30, 2014.

The company’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.