Tech Mahindra's Profit Surges: A Deep Dive Into the Financial Boost

Tech Mahindra reported a 14.11% rise in profit for the December quarter to Rs 1,122 crore. Revenue increased to Rs 14,393 crore. Exceptional items contributed Rs 272 crore, helping widen the operating profit margin to 13.1%. New deal wins soared 47% to USD 1.096 billion.

IT services giant Tech Mahindra on Friday reported a significant profit increase, thanks to strong financial performance in the December quarter. Profits jumped 14.11% to Rs 1,122 crore, compared to Rs 983.2 crore a year earlier.

The company's revenue from operations also saw a notable increase, rising to Rs 14,393 crore from Rs 13,286 crore during the same period last year. This growth is attributed in part to a gain of Rs 272 crore from exceptional items, despite a surge in service costs.

Furthermore, the company's new deal wins soared 47% to USD 1.096 billion, maintaining a high deal-win run-rate. However, the overall headcount decreased slightly to 1,49,616, with an attrition rate of 12.3%.

(With inputs from agencies.)