Monday, 12 August 2013

Tech Mahindra Results 12th August 2013

Tech Mahindra April-June quarter net profit up 27 pc to Rs 686.3 crore

Tech Mahindra today reported 27 per cent jump in consolidated net profit at Rs 686.3 crore for the quarter ended June 30, 2013, led by broad-based growth across sectors like manufacturing and media and entertainment.

This is against a net profit of Rs 540.5 crore in the same period last year.

Tech Mahindra, part of the Mahindra & Mahindra Group, saw revenues at Rs 4,103.2 crore in the reported period, up 21.7 per cent as compared to Rs 3,372.7 crore in the April-June 2012 quarter.

On sequential basis, the consolidated net profit was up 36.2 per cent (before exceptional reversal of impairment provision) as the same stood at Rs 637.7 crore in the January-March 2013 quarter.

In USD terms, revenues stood at USD 724 million (up 17.7 per cent year-on-year), while net profit was at USD 121 million (up 22.3 per cent y-o-y).

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