Business Companies 31 Oct 2018 Tech Mahindra sees Q ...

Tech Mahindra sees Q2 net profit rise over 27%

PTI
Published Oct 31, 2018, 1:45 am IST
Updated Oct 31, 2018, 1:46 am IST
The IT services exporter had posted a post tax net of Rs 836.2 crore in the year-ago period.
MD C.P. Gurnani said it was expecting the softness in healthcare as two projects were coming to an end but underlined that the company is satisfied with the show. 
 MD C.P. Gurnani said it was expecting the softness in healthcare as two projects were coming to an end but underlined that the company is satisfied with the show. 

Mumbai:  Tech Mahindra, the IT arm of Mahindra group, on Tuesday posted a 27.3 per cent growth in September quarter net at Rs 1,064 crore, aided largely by widening of margins due to rupee depreciation, changing business mix and better utilisation.

The IT services exporter had posted a post tax net of Rs 836.2 crore in the year-ago period. The company’s total revenues grew by 13.5 per cent to Rs 8,630 crore. 

 

However, on a quarter on quarter basis, which is tracked closely by the market, the company showed some softness in revenue growth at 4.3 per cent due to a drag in the healthcare segment.

MD C.P. Gurnani said it was expecting the softness in healthcare as two projects were coming to an end but underlined that the company is satisfied with the show. 

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Location: India, Telangana, Hyderabad




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