Tech Mahindra reports 4% growth in consolidated net profit on Tuesday 1,368 crore for the quarter ended December 31, 2022. that was 1,309 crore in the previous year period.
Revenue from operations at . came in 11,451 crore for the third quarter under review, up 19% year-on-year.
Shares of Tech Mahindra closed with a gain of 2.37 per cent on Tuesday 1,514 on NSE.
In constant currency terms, revenue growth was 4.7% on a sequential basis, while dollar revenue increased 17% year-over-year to $1533 million.
The IT company has reported an EBITDA (earnings before interest, taxes, depreciation and amortization) 2,060 crore, up 3% q-o-q and 9% y-o-y.
The company added 3,874 employees during the December quarter, taking the total workforce to 145,067.
CP Gurnani, Managing Director and Chief Executive Officer, Tech Mahindra said, “Our people-first approach with continued value creation this quarter reflects our commitment to redefine possibilities and competencies in the new normal. We continue to strengthen, deliver broader distribution – profitable growth and value for our customers, backed by future-ready talent and unique digital capabilities.”
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