Business Companies 06 Feb 2019 Tech Mahindra shares ...

Tech Mahindra shares jump nearly 7 pc post Q3 earnings

PTI
Published Feb 6, 2019, 1:26 pm IST
Updated Feb 6, 2019, 1:26 pm IST
Overall revenue increased 15 per cent to Rs 8,944 crore during the quarter under review.
The company on Tuesday reported 27.5 per cent jump in December quarter net profit at Rs 1,203 crore. (Photo: File)
 The company on Tuesday reported 27.5 per cent jump in December quarter net profit at Rs 1,203 crore. (Photo: File)

New Delhi: Shares of Tech Mahindra surged nearly seven per cent Wednesday after the IT company reported 27.5 per cent jump in December quarter profit.

Tech Mahindra's stock gained 6.66 per cent to Rs 800 -- its one year high -- on BSE. The scrip surged 6.52 per cent to its 52-week high of Rs 800 on NSE.

 

The company on Tuesday reported 27.5 per cent jump in December quarter net profit at Rs 1,203 crore, driven by automation measures which widened the profit margins.

Overall revenue increased 15 per cent to Rs 8,944 crore during the quarter under review. 

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Location: India, Delhi, New Delhi




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