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Indian-Commodity  :  Corporate  :  Tech Mahindra reports 28% rise in Q1 consolidated net profit

Tech Mahindra reports 28% rise in Q1 consolidated net profit (01-Aug-2016)

Tech Mahindra has reported results for first quarter ended June 30, 2016. 

The company has reported 8.17% fall in its net profit at Rs 737.48 crore for the quarter ended June 30, 2016 as compared to Rs 803.10 crore for the same quarter in the previous year. The company's total income increased by 7.52% to Rs 5821.77 crore for the quarter under review from Rs 5414.60 crore for the corresponding quarter of the previous year.

On the consolidated basis, the company has reported 27.97% rise in its net profit after tax, minority interest and share of profit of associates at Rs 796.54 crore for the quarter ended June 30, 2016 as compared to Rs 622.44 crore for the same quarter in the previous year. Total Income of the company increased by 11.66% to Rs 7166.73 crore for quarter under review from Rs 6418.24 crore for the quarter ended June 30, 2015.


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