Tech Mahindra shares likely in focus after reporting 153% YoY jump in Q2 PAT
IT services company Tech Mahindra are likely to remain in focus today after the company reported a 153.1% year-on-year (YoY) to Rs 1,250 crore for the second quarter, while its revenue rose by 3.5% YoY to Rs 13,313 crore in the said quarter.
On a sequential basis, profit and revenue saw growth of 46.81% and 2.36%, respectively.
While announcing the quarterly numbers, the Mahindra Group company also declared an interim dividend of Rs 15 per equity share and fixed November 1 as the record date for determining eligibility of shareholders.
During the quarter, the PAT margin stood at 9.4%, up 280 bps QoQ, up 560 bps YoY. New deal wins TCV stood at $603 million.
Read more: Bajaj Housing Finance shares in focus ahead of Q2 results today
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