For Quick Alerts
For Daily Alerts

Tech Mahindra gains 2% after Q3 numbers

Tech Mahindra gains 2% after Q3 numbers
Tech Mahindra: Quotes, News
BSE 699.65BSE Quote3.8 (-0.54%)
NSE 700.85NSE Quote2.5 (-0.36%)
Shares of the Tech Mahindra rose more than 2% on Thursday after the company posted third quarter results on Wednesday after market hours.

However, the results missed the analysts estimates. The company's consolidated net profit dropped 6.91% to Rs 275.80 crore on 10% growth in revenue to Rs 1791 crore in Q3 against Q2 September 2012. Profit After Tax (PAT) before share of Associate at INR 242 crore up 67% YoY and 36% QoQ

Commenting on the third quarter results, Vineet Nayyar, Executive Vice Chairman of Tech Mahindra said: Our growth trajectory continues. Tech Mahindra has been consistently performing with key wins and partnerships, supplemented by non organic initiatives. As we look forward we continue to see opportunities to help our customers in their strategic objectives, through innovative solutions.

Earnings per Share (basic EPS) stood at Rs 21.6 for the quarter ended December 31st, 2012

Shares of the company was seen trading at Rs 999, higher by Rs 20 or 2.05% on BSE at 10.20 am IST. It touched an intra-day high of Rs 1005.

Read more about: tech mahindra
Company Search
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more