Tech Mahindra consolidated net profit declines 32.69% in the March 2017 quarter

Image
Capital Market
Last Updated : May 27 2017 | 12:09 AM IST

Sales rise 8.88% to Rs 7495.00 crore

Net profit of Tech Mahindra declined 32.69% to Rs 589.69 crore in the quarter ended March 2017 as against Rs 876.14 crore during the previous quarter ended March 2016. Sales rose 8.88% to Rs 7495.00 crore in the quarter ended March 2017 as against Rs 6883.73 crore during the previous quarter ended March 2016.

For the full year,net profit declined 5.81% to Rs 2850.87 crore in the year ended March 2017 as against Rs 3026.61 crore during the previous year ended March 2016. Sales rose 9.99% to Rs 29140.84 crore in the year ended March 2017 as against Rs 26494.23 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear EndedMar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var.Sales7495.006883.73 9 29140.8426494.23 10 OPM %11.9916.72 -14.3516.12 - PBDT1104.771274.10 -13 4831.064615.66 5 PBT821.311056.79 -22 3853.003856.74 0 NP589.69876.14 -33 2850.873026.61 -6

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: May 26 2017 | 6:38 PM IST

Next Story