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Tech Mahindra reports 27% rise in Q2 consolidated net profit

Tech Mahindra has reported results for second quarter ended September 30, 2018.

The company has reported a marginal fall of 2.95% in its net profit at Rs 1,337.07 crore for the quarter under review as compared to Rs 1,377.67 crore for the same quarter in the previous year. However, total revenue of the company increased by 9.38% at Rs 7,279.31 crore for Q2FY19 as compared Rs 6,655.30 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a rise of 27.29% in its net profit at Rs 1,064.33 crore for the quarter under review as compared to Rs 836.15 crore for the same quarter in the previous year. Total revenue of the company increased by 11.05% at Rs 8,804.93 crore for Q2FY19 as compared Rs 7,928.62 crore for the corresponding quarter previous year.

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