Tech Mahindra Records Profit Of Rs 1,339 Crore In September-Quarter

On a year-on-year basis though, the company's profit went up by 25.8 per cent from Rs 1,065 crore

IT major Tech Mahindra recorded a meagre slide in its net profit for second quarter of the current fiscal, which stood at Rs 1,339 crore, one per cent down from Rs 1,353 crore recorded in the first quarter of 2021-22.

On a year-on-year basis though, the company's profit went up by 25.8 per cent from Rs 1,065 crore.

Revenue for the July-September quarter of the current fiscal stood at Rs 10,881 crore, 6.7 per cent higher than Rs 10,198 crore recorded in the April-June quarter of 2021-22.

On a year-on-year basis, the company's revenue was higher by an impressive 16.1 percent from Rs 9,372 crore reported in the same quarter last year.