Tech Mahindra Ltd.
17.05 (1.01%) Tech Mahindra reports 16% fall in Q1 consolidated net profit
Date: 25-07-2022Tech Mahindra has reported results for first quarter ended June 30, 2022.
The company has reported a fall of 10.55% in its net profit at Rs 882.20 crore for the quarter under review as compared to Rs 986.20 crore for the same quarter in the previous year. However, total income of the company increased by 23.41% at Rs 10083.70 crore for Q1FY23 as compared Rs 8171.20 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported a fall of 15.98% in its net profit at Rs 1147.50 crore for the quarter under review as compared to Rs 1365.70 crore for the same quarter in the previous year. However, total income of the company increased by 22.37% at Rs 12830 crore for Q1FY23 as compared Rs 10484.90 crore for the corresponding quarter previous year.