 "Tech Mahindra accepts senior workers' pay cut offer")
Tech Mahindra on Tuesday reported a 6.8 per cent year-on-year (YoY) rise in its consolidated net profit at Rs 959 crore for the quarter ended June 30. It had posted profit of Rs 897.9 crore in the year-ago period. Sequentially, the numbers dropped 15 per cent.
In constant currency terms, revenue grew 3.7 per cent, it said in its press release.
Revenue for the quarter came in at Rs 8,653 crore, up 4.6 per cent YoY while EBITDA (Earnings before interest, tax, depreciation and amortisation) slipped 3.2 per cent YoY to Rs 1,314 crore. Operating margins came in at 15.2
