Tech Mahindra Limited Q2 Results 2023

Read this story to learn about Q2- highlights, performance, earnings, dividend updates, market performance, etc.,

Highlights of the Result

· The company’s revenue from operations stood at ₹12,863.9 Cr · The net profit for Q2 FY’24 stood at ₹ ₹505.3 Cr · The EBITDA stood at ₹1,072 Cr during the period under review

Performance Highlights

· The company’s revenue from operations declined 2% YoY · Tech Mahindra reported a 61.1% YoY decrease in net profit (PAT) · The EBITDA is down by 46% YoY and 19.9% QoQ

Dividend Announcement

The company's board has approved an interim dividend of ₹12 per equity share with a face value of ₹5 each, enhancing shareholder returns.

Company’s Expenses

At the same time, the expenses shot up during the quarter. The company reported a total expense of ₹ 10,366.4 Cr for the quarter under review.

Source: Tech Mahindra Limited Financial Report – Q2 Report, BSE