Tech Mahindra Q1 profit up 39% to Rs 1,353.2 crore
Revenue stood at Rs 10,197.6 crore in the quarter under review, up 12% from Rs 9,106.3 crore in the year-ago period
IT major Tech Mahindra on Thursday reported 39.2% rise in consolidated net profit at Rs 1,353.2 crore for June quarter 2021-22. It had registered a net profit (after minority interest) of Rs 972.3 crore in the year-ago period, Tech Mahindra said in a statement.
Revenue stood at Rs 10,197.6 crore in the quarter under review, up 12% from Rs 9,106.3 crore in the year-ago period.
In dollar terms, net profit grew 42.2% to $183.2 million, while revenue rose 14.6% to $1,383.6 million from the year-ago period. Tech Mahindra’s total headcount stood at 1,26,263, up by 5,209 employees on a sequential basis.
“We have witnessed an all rounded performance this quarter with growth across our key markets and industry sectors,” Tech Mahindra Managing Director and CEO CP Gurnani said.
“Our focus on key technology pillars wrapped around experience-led approach with TechM Nxt.Now will help us to capitalise on the strong demand momentum,” Gurnani added.