Tech Mahindra Q1 Results: Net profit rises 28% YoY to Rs 1,465 crore, revenue up 18%
Tech Mahindra announced a consolidated net profit of Rs 1,465 crore for the first quarter. This represents a substantial 28% increase compared to the previous year's earnings. The company also saw its net profit rise over 8% sequentially from the prior quarter. Revenue from operations experienced an 18% year-on-year jump to Rs 15,712 crore. These results reflect strong financial performance for the IT services major.