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Tech Mahindra shares rises 4.5% post consolidated first quater profit

After making a positive opening, shares of the company further jumped 4.52 per cent to Rs 684.20 on BSE.


PTI Last Updated at 31 Jul 2018, 13:07 IST India

Shares of IT services firm Tech Mahindra today rose by 4.5 per cent after the company reported 12.4 per cent rise in consolidated net profit for the first quarter ended June 2018.

After making a positive opening, shares of the company further jumped 4.52 per cent to Rs 684.20 on BSE.

On NSE, shares of the company surged 4.49 per cent to Rs 684.90.

Tech Mahindra yesterday reported 12.4 per cent rise in consolidated net profit at Rs 897.9 crore for the first quarter ended June 2018.

The firm had registered a net profit of Rs 798.6 crore in the corresponding quarter of the last fiscal, Tech Mahindra said in a statement.

The consolidated revenue stood at Rs 8,276.3 crore in the quarter under review, up 12.8 per cent from Rs 7,336.1 crore in the year-ago period, as per Indian Accounting Standards.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)


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