News Details
Headline : Tech Mahindra Q2 net profit up 4.47% at Rs 1396.80 cr
Date: 05/11/2019 15:40
The company reported standalone net profit of Rs 1,396.80 crore for the quarter ended September 30, 2019 as compared to Rs 1337.07 crore in the same period last year, registering a year-on-year growth of 4.47 per cent.

Net revenue of the company rose marginally by 3.27 per cent at Rs 7,095.70 crore in July-September quarter of this fiscal as against Rs 6,870.86 crore in the corresponding period last year.

During July-September quarter, operating expenses increased by 10.33 per cent to Rs 6,007.70 crore from Rs 5,445.22 crore in year ago period.

Other Income grew by 42.02 per cent at Rs 580.10 crore versus (Sep'18 Rs 408.45 crore).

Operating Profit slipped by 23.68 per cent to Rs 1,088.00 crore as against Rs 1,425.64 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 26.12 per cent in September quarter.

Interest grew by 1.01 per cent y-o-y to Rs 12.00 crore, while Taxation decreased by 71.25 per cent at Rs 88.90 crore (Sep'18 Rs 309.20 crore).

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