Sunday, March 16, 2025 | 05:09 PM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Tech Mahindra Q1 net up 39.2% YoY to Rs 1,353 cr, revenues rises 12%

Profit rises 25% sequentially on broad-based growth across segments and verticals

Tech Mahindra
Premium

Tech Mahindra

BS Reporter Mumbai
Broad-based growth across segments and verticals drove Tech Mahindra’s Q1 FY22 numbers. The company reported net profit of Rs 1,353 crore for the quarter up 39.2 per cenr year-on-year, and was up 25 per cent sequentially.

Revenue for the quarter grew 12 per cent year-on-year at Rs 10,198 crore. Revenue was up 4.8 per cent sequentially. EBIDTA was down 3.7 per cent on salary hikes and higher subcontractor cost.

In US dollar terms, Tech Mahindra reported growth of 4.1 per cent QoQ at $1.3 billion.

The management called out Q1 performance as one of the highest quarterly growth run rates.

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in