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- Tech Mahindra Q1 Results: Tech Mahindra Profit Rices By 33.95% to Rs 1,140.60 Crore
Mumbai3 minutes ago
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IT company Tech Mahindra had a total earnings i.e. total income of Rs 13,570 crore in the first quarter. This is 3.19% higher than last year. Revenue in this earnings of the company was Rs 13,351 crore from the operation. In the April to June quarter, the company’s total expenditure stood at Rs 11,952 crore and paid a tax of Rs 489 crore.
If the cost and tax is reduced from the total income, then the company got a consolidated net profit of Rs 1,141 crore in the first quarter. This is 34% higher than last year. Tech Mahindra released the results of the April-June quarter (Q1fy26, first quarter) on Wednesday (16 July).
What is standalone and consolidated?
Companies’ results come in two parts- Stand Alone and Consolidated. Financial performance of only one unit is shown in standalone. Whereas, the entire company reports are given in the consolidated or consolidated financial report.
How was the share performance in the last one year?
Prior to the result, Tech Mahindra shares closed at Rs 1,608 with a gain of 1.87% today. Tech Mahindra’s stock has fallen 1% in the last 5 days. At the same time, the stock has fallen 5% in 1 month and 4% in 6 months.
The company’s stock has climbed 6% in a year. Only this year i.e. from January 1 till now, the company’s stock has dropped 6%. The company’s market value is Rs 1.58 lakh crore.
Anand Mahindra is the chairman of Tech Mahindra
Tech Mahindra was established in 1986. Its chairman Anand Mahindra and Chief Executive Officer (CEO) and Managing Director (MD) Mohit Joshi. The company provides IT services.
