Tech Mahindra Q1 Profit Up 23% to Rs 851 Cr | Tech News
Jul 25, 2024 16:40
Tech Mahindra reports a 23% rise in Q1 profit to Rs 851 crore, despite a slight revenue decline. Learn more about the company's financial performance.
Mumbai, Jul 25 (PTI) IT services company Tech Mahindra on Thursday said it has posted a 23 per cent increase in its consolidated profit after tax to Rs 851 crore in the June 2024 quarter.
During the April-June quarter, the city-headquartered company's revenue declined 1.2 per cent year-on-year to Rs 13,005 crore and rose 1 per cent quarter-on-quarter.
Its operating profit margins widened 1.90 per cent to 12 per cent.
The total head count increased by 2,165 to a total or 1.47 lakh employees.
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.