Tech Mahindra Q1 beats Street view, sees prospects in digital transformation wave

Mumbai: IT firm Tech Mahindra NSE 3.03 % managed to beat estimates as it reported a flat net profit in the quarter ended June which was marked with Covid-19 pandemic, and said it was witnessing digital transformation across the globe, and was well-positioned to capture opportunities.

The company reported a flat 1.36 per cent year-on-year (YoY) rise in net profit at Rs 972.30 crore for the quarter ended June. On a quarter-on-quarter (QoQ) basis, the bottomline grew 20.94 per cent. Analysts in an ET NOW poll had projected the figure at Rs 760 crore.