Tech Mahindra Reports Profit Of Rs. 959 Crore In June Quarter

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Tech Mahindra on Tuesday reported a net profit of Rs. 959.3 crore in the quarter ended June 30. According to a regulatory filing by the company after market hours, its net profit fell 15.29 per cent compared to the previous quarter. The IT company had reported a net profit of Rs. 1,132.5 crore in the quarter ended March 31.
Its revenue from operations declined 2.69 per cent on a quarter-on-quarter basis to Rs. 8,653 crore.

Tech Mahindra shares ended 0.93 per cent lower at Rs. 640.30 apiece on the BSE, in line with a 0.77 per cent fall in the benchmark Sensex index.

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