Tech Mahindra Q1: Highlights Of The Results

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Tech Mahindra on Monday announced the audited consolidated financial results for its first quarter ending June 30, 2016. 

Vineet Nayyar, Vice Chairman, Tech Mahindra, said "We have had a steady quarter inspite of the seasonal weakness in our mobility business. We look forward to continuing our journey of improving the profitability of our business"

Tech Mahindra Q1: Highlights Of The Results
Tech Mahindra: Quotes, News
BSE 569.55BSE Quote16.95 (2.98%)
NSE 569.50NSE Quote16.6 (2.91%)

Financial highlights for the quarter:

  • The company's revenue stood at Rs 6,921 crore, up 10.0% Year on Year (YoY)
  • Tech Mahindra's operating profit (EBITDA) at Rs 1,029 crore higher by 13.7% YoY
  • Profit after tax of the company was high by 20.5% at Rs 750 crore.
  • Earnings per Share (EPS) was Rs 8.59 for the quarter ended June 30, 2016 

Other highlights

  • Total headcount at 107,216; adds 1,784 professionals during the quarter 
  • Software headcount stood at 73,590; BPO at 27,326
  • Cash and Cash equivalent of  Rs 5,747 crore as of June 30, 2016 
  • The Active Client count stood at 818 in Q1
Shares of the company ended trade at Rs 489, higher by 0.62 per cent on BSE. It also touched an intra-day high of Rs 493 during trade.

Read more about: tech mahindra
Story first published: Monday, August 1, 2016, 17:24 [IST]
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