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HomeStaffingTech Mahindra income up 20.7% in fiscal Q2

Tech Mahindra income up 20.7% in fiscal Q2


November 01, 2022

IT providers agency Tech Mahindra Ltd. reported income rose 20.7% 12 months over 12 months to INR 131.30 billion (US$1.61 billion) in its fiscal second quarter ended Sept. 30. Nonetheless, gross margin declined on a year-over-year foundation.

“We proceed to deal with being resilient and agile to make sure long-term worth for our individuals, prospects, companions, and the society at massive,” Managing Director and CEO CP Gurnani stated.

Tech Mahindra reported headcount on the firm rose to a complete of 163,912, up 3.7% from the earlier quarter.

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Share worth and market cap

Shares in Tech Mahindra closed at INR 1,070.90 (US$133.95) in India; they have been 13.48% above their 52-week low, in accordance with FT.com. The corporate had a market cap of INR 1.03 trillion (US$12.46 billion).

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