Tech Mahindra Ltd.
49.75 (3.29%) Tech Mahindra reports 5% fall in Q2 consolidated net profit
Date: 26-10-2020Tech Mahindra has reported results for the second quarter ended September 30, 2020.
The company has reported a fall of 31.14% in its net profit at Rs 961.50 crore for the quarter under review as compared to Rs 1,396.30 crore for the same quarter in the previous year. Total income of the company decreased by 1.51% at Rs 7,561.40 crore for Q2FY21 as compared Rs 7,677.10 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported a fall of 5.28% in its net profit attributed to owner at Rs 1,064.60 crore for the quarter under review as compared to Rs 1,123.90 crore for the same quarter in the previous year. However, total income of the company increased by 2.19% at Rs 9,489.30 crore for Q2FY21 as compared Rs 9,286.20 crore for the corresponding quarter previous year.