Tech Mahindra Ltd.
31.20 (2.19%) Tech Mahindra reports marginal rise in Q2 consolidated net profit
Date: 30-10-2014Tech Mahindra has reported results for second quarter ended September 30, 2014.
The company has registered 7.70% fall in its net profit at Rs 589.47 crore for the quarter under review as compared to Rs 638.64 crore for the same quarter in the previous year. However, total income of the company has increased 16.23% at Rs 4847.38 crore for Q2FY15 as compared Rs 4170.60 crore for the corresponding quarter previous year.
On consolidated basis, the company’s net profit after taxes and minority interest for the quarter under review increased marginally 0.17% at Rs 719.64 crore against Rs 718.43 crore in the September quarter of previous fiscal. The company’s total income has increased by 15.30% at Rs 5545.46 crore for the quarter from Rs 4809.57 crore in the similar quarter of previous year.