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Tech Mahindra jumps on reporting 26% rise in Q2 consolidated net profit
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Tech Mahindra is currently trading at Rs. 1573.65, up by 49.25 points or 3.23% from its previous closing of Rs. 1524.40 on the BSE.
The scrip opened at Rs. 1569.70 and has touched a high and low of Rs. 1629.40 and Rs. 1555.95 respectively. So far 589285 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1,629.40 on 26-Oct-2021 and a 52 week low of Rs. 782.25 on 29-Oct-2020.
Last one week high and low of the scrip stood at Rs. 1,629.40 and Rs. 1476.75 respectively. The current market cap of the company is Rs. 153977.22 crore.
The promoters holding in the company stood at 35.70%, while Institutions and Non-Institutions held 52.62% and 11.68% respectively.
Tech Mahindra has reported results for second quarter ended September 30, 2021.
The company has reported a rise of 62.19% in its net profit at Rs 1559.50 crore for the quarter under review as compared to Rs 961.50 crore for the same quarter in the previous year. Total income of the company increased by 20.55% at 9,114.90 crore for Q2FY22 as compared Rs 7,561.40 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported a rise of 25.75% in its net profit attributable to owners of the company at Rs 1338.7 crore for the quarter under review as compared to Rs 1064.6 crore for the same quarter in the previous year. Total income of the company increased by 17.64% at Rs 11,163.40 crore for Q2FY22 as compared Rs 9,489.30 crore for the corresponding quarter previous year.
