Tech Mahindra has released its quarterly results. The company's profit has increased by 47 percent compared to the previous quarter. At the same time, there has been a 153 percent increase in profit compared to last year. Income has increased by more than 2 percent compared to the previous quarter and more than 3 percent compared to the same quarter last year. Along with this, revenue in dollars has seen an increase of about 2 percent compared to last year. The company has also announced an interim dividend of Rs 15 per share to its investors. The record date for the dividend has been fixed on November 1, 2024, the dividend will be paid on or before November 17. On Friday, the stock closed with a decline of more than half a percent.

 

How was the quarterly business?

According to the information sent to the stock market, the company's profit has increased from Rs 851.5 crore to Rs 1250.1 crore as compared to the first quarter, that is, there has been an increase of 46.8 percent on a quarter-on-quarter basis. At the same time, the income has increased by 2.4 percent as compared to the previous quarter and has increased from Rs 13005.5 crore to Rs 13,313.2 crore. EBIT has increased from Rs 1102 crore to Rs 1280.4 crore as compared to the previous quarter. That is, there has been an increase of 16.2 percent in it. At the same time, the margin is at 9.6 percent, which was at the level of 8.5 percent in the first quarter.