Friday, 24 March, 2023

Tech Mahindra Q2 profit falls 5%, board declares special dividend

<p>Tech Mahindra reported a 5.27% YoY decline in net profit at Rs 1,064.60 cr for the quarter ended on Sep 30, as against Rs 1,123.9 cr in the same period last year. On a QoQ basis, the profit rose 9.5 % from Rs 972.3 cr in June. Tech M&#39;s active client, during the period, stood at 988, as it added seven new ones. The number of employees went down by 5.5 % from the year-ago period. A special dividend of Rs 15 per equity share on the face value of Rs 5 % has been declared.</p>