Tech Mahindra’s consolidated profit in the second quarter of FY 2024-25 has increased by 153% year-on-year (YoY) to ₹ 1,250 crore. In the same quarter a year ago (Q2FY24), the company had a profit of ₹ 494 crore.
Today (October 19), the company has released the results for the second quarter (July-September) of FY 2024-25. On Friday, Tech Mahindra’s stock closed down 0.82% at Rs 1,685. The stock has gained 43.77% in the last year. The company’s market cap is Rs 1.65 lakh crore.
Tech Mahindra announced a dividend of Rs 15
The board of Tech Mahindra has also approved an interim dividend of Rs 15 per share to shareholders, with a record date of November 1, 2024. When companies give a part of the profits to their shareholders, it is called the dividend.
Tech Mahindra’s Revenue grew 3.5% to ₹13,313 crore
Tech Mahindra’s revenue from operations grew by 3.5% year-on-year. Revenue from operations stood at ₹13,313 crore in the second quarter of FY25. Revenue stood at ₹12,863 crore in the same quarter a year ago i.e. the second quarter of FY24.
Tech Mahindra’s Income increased by 5.37% to ₹ 13,834 crore
In the second quarter, the company’s total income grew by 5.37% yearly (YoY) to Rs 13,834 crore, from Rs 13,128 crore in the same quarter last year. On the other hand, the company’s total income has increased by 5.20% every quarter.
Consolidated report of the entire company
The results of companies come in two parts – standalone and consolidated. In standalone, the financial performance of only one unit is shown. Whereas, in the consolidated or consolidated financial report, the report of the entire company is given.
