The country’s fifth-largest IT services exporter Tech Mahindra on Tuesday said the company’s total workforce stood at 163,912, up 3.7 per cent over the previous quarter.
attrition Rate declines by 20 per cent for September quarter Tech Mahindra,
The IT services exporter on Tuesday reported a 4 per cent year-on-year decline in consolidated profit after tax (PAT). 1,285.4 crore in the second quarter of FY 2013 (July-September), as against 1,338.7 crore in the quarter ended September 2021.
However, profit after tax grew by 13.6 percent sequentially 1,131.6 crore in the April to June quarter.
Revenue for the quarter at . came in 13,129.50 crore, up 20.6 per cent per annum 10,881.30 crore in the same quarter. The company has declared interim dividend of 18 per share.
“We continue to focus on being flexible and agile to ensure long-term value for our people, customers, partners and society at large. While market conditions evolve and supply-side challenges persist, We will strengthen our differentiated offerings to help customers in their transformation journey through our integrated and new-age solutions,” said CP Gurnani, Managing Director and CEO, Tech Mahindra.
“We have taken a number of targeted measures to achieve operational efficiencies and ensure long-term sustainable growth. While we continue to address dynamic market conditions, we continue to provide value to our stakeholders through continued operational rigor, strong cash generation and prudent capital. Will focus on creating value allocation,” said Rohit Anand, Chief Financial Officer, Tech Mahindra.
Shares of Tech Mahindra Ltd closed up 0.77 per cent 1,071.65 a piece.
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