Tech Mahindra rises despite reporting fall in Q2 consolidated net profit
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Tech Mahindra is currently trading at Rs. 1076.00, up by 4.35 points or 0.41% from its previous closing of Rs. 1071.65 on the BSE.
The scrip opened at Rs. 1072.95 and has touched a high and low of Rs. 1098.45 and Rs. 1066.25 respectively. So far 138790 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1837.75 on 30-Dec-2021 and a 52 week low of Rs. 944.10 on 17-Jun-2022.
Last one week high and low of the scrip stood at Rs. 1098.45 and Rs. 1045.50 respectively. The current market cap of the company is Rs. 104663.46 crore.
The promoters holding in the company stood at 35.22%, while Institutions and Non-Institutions held 51.98% and 12.80% respectively.
Tech Mahindra has reported results for second quarter ended September 30, 2022.
The company has reported a fall of 25.50% in its net profit at Rs 1161.90 crore for the quarter under review as compared to Rs 1559.50 crore for the same quarter in the previous year. However, total income of the company increased by 23.44% at Rs 11251.70 crore for Q2FY23 as compared Rs 9114.90 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported fall of 3.11% in its net profit at Rs 1299.20 crore for the quarter under review as compared to Rs 1340.90 crore for the same quarter in the previous year. However, total income of the company increased by 20.21% at Rs 13419.70 crore for Q2FY23 as compared Rs 11163.40 crore for the corresponding quarter previous year.
is currently trading at Rs. 1076.00, up by 4.35 points or 0.41% from its previous closing of Rs. 1071.65 on the BSE.
The scrip opened at Rs. 1072.95 and has touched a high and low of Rs. 1098.45 and Rs. 1066.25 respectively. So far 138790 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1837.75 on 30-Dec-2021 and a 52 week low of Rs. 944.10 on 17-Jun-2022.
Last one week high and low of the scrip stood at Rs. 1098.45 and Rs. 1045.50 respectively. The current market cap of the company is Rs. 104663.46 crore.
The promoters holding in the company stood at 35.22%, while Institutions and Non-Institutions held 51.98% and 12.80% respectively.
Tech Mahindra has reported results for second quarter ended September 30, 2022.
The company has reported a fall of 25.50% in its net profit at Rs 1161.90 crore for the quarter under review as compared to Rs 1559.50 crore for the same quarter in the previous year. However, total income of the company increased by 23.44% at Rs 11251.70 crore for Q2FY23 as compared Rs 9114.90 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported fall of 3.11% in its net profit at Rs 1299.20 crore for the quarter under review as compared to Rs 1340.90 crore for the same quarter in the previous year. However, total income of the company increased by 20.21% at Rs 13419.70 crore for Q2FY23 as compared Rs 11163.40 crore for the corresponding quarter previous year.
