Tech Mahindra Q1 PAT up 6.8%

Tech Mahindra’s net profit rose by 6.8 per cent at ₹959 crore for the quarter ended June 30. It had posted profit of ₹897.9 crore in the year-ago period.

However, when compared sequentially to the fourth quarter of the previous fiscal, the profit in the first quarter is down by 15 per cent.

Revenue from operations for the quarter came in at ₹8,653 crore, up 4.6 per cent YoY, while the EBITDA slipped 3.2 per cent YoY to ₹1,314 crore. Operating margins came in at 15.2 per cent, down 120 basis points (bps) YoY. On quarter-on-quarter (QoQ) basis, revenue of the company slipped 2.69 per cent. It had posted a revenue of ₹8,892.3 crore in the March quarter.