Tech Mahindra Q1 results: Net profit flat at Rs 972 crore; still beats Street expectations

Tech Mahindra NSE 3.03 % on Monday 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 30. It had posted a net profit of Rs 959.30 crore in the corresponding quarter last year.

The bottomline grew 20.94 per cent on a quarter-on-quarter (QoQ) basis. Analysts in an ET NOW poll had projected the figure at Rs 760 crore.

Consolidated revenue of the company increased 5.23 per cent YoY to Rs 9,106.30 crore during the quarter under review.