Tech Mahindra's consolidated profit in the second quarter of FY 2024-25 has increased by 153% year-on-year (YoY) to ₹1,250 crore. The company had made a profit of ₹494 crore in the same quarter a year ago (Q2FY24).
Today (October 19) the company has released the results for the second quarter (July-September) of the financial year 2024-25. On Friday, Tech Mahindra shares closed at Rs 1,685, down 0.82%. The stock has gained 43.77% in the last one year. The market cap of the company is Rs 1.65 lakh crore.
Tech Mahindra announced a dividend of Rs 15
Tech Mahindra's board has also approved an interim dividend of Rs 15 per share to shareholders, the record date of which is fixed for November 1, 2024. Companies give some part of the profits to their shareholders, it is called dividend.
Revenue increased by 3.5% to ₹13,313 crore
Tech Mahindra's revenue from operations has increased by 3.5% year-on-year. Revenue from operations stood at ₹13,313 crore in Q2FY25. Revenue in the same quarter a year ago i.e. second quarter of FY24 was ₹12,863 crore.
Income increased by 5.37% to ₹13,834 crore
In the second quarter, the company's total income increased by 5.37% on annual basis (YoY) to Rs 13,834 crore, which was Rs 13,128 crore in the same quarter last year. At the same time, the total income of the company has increased by 5.20% on quarterly basis.
Consolidated report of the entire company
The results of companies come in two parts – standalone and consolidated. Standalone shows the financial performance of only one unit. Whereas, in the consolidated financial report, the entire company is reported.
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