Tech Mahindra Q2 Results: Profit falls 4% YoY despite rise in revenue; board approves Rs 18 dividend

Tech Mahindra on Tuesday reported a 4% year-on-year (YoY) fall in consolidated net profit for the quarter ended September 2022 to Rs 1,285 crore. That said, the bottomline was higher than the ET Now poll estimate of Rs 1,210 crore. Revenue for the said quarter increased nearly 21% on year to Rs 13,129 crore.

Sequentially, the revenue was up 3.3% and profit nearly 14%. In constant currency (CC) terms, the dollar revenue grew by nearly 3% sequentially.