Tech Mahindra Ltd.

BSE: 532755 | NSE: TECHM
Large Cap | IT - Software
1723.80
8.15 (0.48%)
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Tech Mahindra reports 20% fall in Q3 consolidated net profit

Date: 02-02-2015

Tech Mahindra has reported results for third quarter ended December 31, 2014.

The company has registered a fall of 23.13% in its net profit after tax at Rs 710.77 crore for the quarter under review as compared to Rs 924.65 crore for the same quarter in the previous year. However, total income of the company has increased 21.36% at Rs 5073.61 crore for Q3FY15 as compared Rs 4180.57 crore for the corresponding quarter previous year.

On the consolidated basis the company’s net profit after tax, share of minority interest and share of profit/(loss) of associates declined 20.25% to Rs 805.3 crore for the Q3 FY15 as compared to Rs 1009.83 crore in Q3 FY14. However, the total income increased 18.91% to Rs 5770.74 crore in the quarter under review as compared to Rs 4852.85 crore in the corresponding quarter previous year.