Tech Mahindra standalone net profit declines 23.26% in the March 2017 quarter

Sales rise 8.36% to Rs 5923.58 crore

Net profit of Tech Mahindra declined 23.26% to Rs 585.74 crore in the quarter ended March 2017 as against Rs 763.27 crore during the previous quarter ended March 2016. Sales rose 8.36% to Rs 5923.58 crore in the quarter ended March 2017 as against Rs 5466.81 crore during the previous quarter ended March 2016.

For the full year,net profit declined 3.95% to Rs 3047.33 crore in the year ended March 2017 as against Rs 3172.77 crore during the previous year ended March 2016. Sales rose 10.47% to Rs 23165.39 crore in the year ended March 2017 as against Rs 20969.81 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear EndedMar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var.Sales5923.585466.81 8 23165.3920969.81 10 OPM %13.5416.82 -15.8516.16 - PBDT948.721041.63 -9 4500.944418.03 2 PBT771.08883.80 -13 3878.733876.29 0 NP585.74763.27 -23 3047.333172.77 -4

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