Tech Mahindra Q2 net zooms over 46 per cent to Rs160 crore
05 Nov 2012
Tech Mahindra, India's sixth largest software exporter, has reported a 46.57 per cent increase in its fiscal second quarter net profit (profit after tax) at Rs160.13 crore against a net profit of Rs109.25 crore for the similar quarter of the previous year.
Profit after tax excluding the share of associate stood at Rs178 crore, up 28 per cent year-on-year while PAT including share of associate stood at Rs296 crore up 23 per cent.
Earnings per share (EPS) stood at Rs23.2 for the quarter ended 30 September 2012, Tech Mahindra said in a statement.
The company's income from operations increased 18.98 per cent to Rs1,507.87 crore in the quarter under compared to Rs1,267.27 crore in the year-ago period.
''Tech Mahindra has delivered another stable quarter. Our key wins showcase the confidence our customers are reposing in us.. Our non organic growth journey has started well with two key additions to our portfolio. We continue with our focus on development of new platforms with our NMACS strategy as a key differentiator'', C P Gurnani, managing director of Tech Mahindra, said.
Total headcount (including HGS) stood at 50,479, while its cash and cash equivalent as of 30 September 2012 stood at Rs359 crore.