Tech Mahindra Q2 Results: Profit zooms 153% YoY to Rs 1,250 crore, revenue up 3.5%

IT services firm Tech Mahindra on Saturday said its September quarter consolidated net profit jumped 153.1% year-on-year (YoY) to Rs 1,250 crore while revenue rose 3.5% YoY to Rs 13,313 crore.

On a sequential basis, profit and revenue saw growth of 46.81% and 2.36%, respectively.

While announcing the quarterly numbers, the Mahindra Group company also declared an interim dividend of Rs 15 per equity share and fixed November 1 as the record date for determining eligibility of shareholders.

More to come….