Tech Mahindra Q1 Results: Profit slides 16% YoY to Rs 1,132 cr; revenue up 25%

Tech Mahindra (TechM) on Monday reported a 16.4 per cent year-on-year (YoY) drop in consolidated net profit at Rs 1,132 crore compared with Rs 1,353.20 crore in the same quarter last year. The profit was in line with ET NOW analysts’ poll of Rs 1,120 crore.

Revenue for the quarter came in at Rs 12,708 crore, up 24.6 per cent YoY over Rs 10,197.60 crore in the corresponding quarter last year.