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IT services company Tech Mahindra on Thursday reported 23% year-on-year (YoY) growth in its consolidated net profit at Rs 851 crore in the June quarter. The profit was slightly below the Street estimate of Rs 892 crore.Revenue from operations was down 1% YoY to Rs 13,005 crore in the April-June 2024 period.
On a sequential basis, profit after tax increased 28% and revenue rose 1%.
The company has reported an EBITDA of Rs 1,564 crore, which is up about 17% YoY, while margins improved 190 basis points YoY to 12%.
Revenue for the quarter in constant currency terms declined 1.2% YoY, but was up 0.7% quarter-on-quarter.
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