Tech Mahindra consolidated quarterly profit declines 20.25%
Source: IRIS | 30 Jan, 2015, 03.49PM
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Rating: NAN / 5 stars. |
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Tech Mahindra disclosed a steep drop in consolidated net profit for the quarter ended December 2014. During the quarter, the profit of the company declined 20.25% to Rs 8,053.00 million from Rs 10,098.30 million in the same quarter previous year. Net sales for the quarter rose 17.42% to Rs 57,517.00 million, compared with Rs 48,986 million for the prior year period. Earnings per share for the quarter stood at Rs 32.76, registering 12.34% decline over previous year period.
Quarterly Results - consolidated (Rs in mn) | As at | Dec - 14 | Dec - 13 | %Change | Net Sales | 57,517.00 | 48,985.50 | 17.42 | Net Profit | 8,053.00 | 10,098.30 | (20.25) | Basic EPS | 32.76 | 37.37 | (12.34) |
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