Tech Mahindra consolidated net profit declines 32.69% in the March 2017 quarter

Sales rise 8.88% to Rs 7495.00 crore

Net profit of Tech Mahindra declined 32.69% to Rs 589.69 crore in the quarter ended March 2017 as against Rs 876.14 crore during the previous quarter ended March 2016. Sales rose 8.88% to Rs 7495.00 crore in the quarter ended March 2017 as against Rs 6883.73 crore during the previous quarter ended March 2016.

For the full year,net profit declined 5.81% to Rs 2850.87 crore in the year ended March 2017 as against Rs 3026.61 crore during the previous year ended March 2016. Sales rose 9.99% to Rs 29140.84 crore in the year ended March 2017 as against Rs 26494.23 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear EndedMar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var.Sales7495.006883.73 9 29140.8426494.23 10 OPM %11.9916.72 -14.3516.12 - PBDT1104.771274.10 -13 4831.064615.66 5 PBT821.311056.79 -22 3853.003856.74 0 NP589.69876.14 -33 2850.873026.61 -6

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