Tech Mahindra Q1 PAT up 91.6%

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oi-Monika Nihalani

By Monika Nihalani

Published: Friday, August 12, 2011, 16:24 [IST]

Tech Mahindra, India's fifth largest software exporter reported 91.6% rise in its Profit After Tax (PAT) in its first quarter of FY12. It's profit rose from Rs 144.3 crore corresponding quarter last fiscal to Rs 276.5 crore for the quarter ended on June 30.

Company's Revenues grew by 14% from Rs 1,133.7 crore an year ago to Rs 1292.5 crore this quarter.

It's operating profit (EBITDA) rose by 13.7% and stood at Rs 241.7 crore y-o-y basis.

Earnings per share (EPS) was at Rs 21.89 for the quarter ended June 30.

Interest expense came down from Rs 26.4 crore an year ago to Rs 22.3 crore this quarter.

Company's debt stood at Rs 1,282.2 crore as of June 30.

Commenting on the results, Anand Mahindra, Chairman, Tech Mahindra said, “We continue to build our business portfolio at a measured pace, despite low discretionary spend in the telecom vertical."

Company's total employees strength increased to 42,850 and its total active client adds up to 128 as of June 30.

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