Tech Mahindra posts Q2 revenue growth of 5.1% at Rs 9,070 cr, PBT down 7.5%

Pune-headquartered Tech Mahindra on Tuesday reported that it had beaten Street estimates, with its revenue growing to Rs 9,070 crore in the July-September (Q2) of 2019-20 (FY20), a 5.1 per cent rise year on year (YoY). Its profit before tax (PBT), however, was down 7.5 per cent to Rs 1,337.7 crore YoY.

A strong digital growth and new deals, however, helped it clock 5.6 per cent YoY growth in profit after tax (PAT) to Rs 1,124 crore. In the June quarter, the company had missed estimates to report revenue earnings of Rs 8,653 crore and PAT of Rs 959 crore. 

On a