Tech Mahindra Q3 PAT up 27.5%

PTI New Delhi | Updated on February 05, 2019 Published on February 05, 2019

IT company Tech Mahindra on Tuesday posted a 27.5 per cent increase in consolidated profit after tax (PAT) to ₹ 1,203 crore in the December 2018 quarter.

The company’s consolidated revenue from operations increased 15 per cent to ₹ 8,944 crore, against ₹ 7,776 crore in the year-ago quarter.

“This is a milestone quarter for Tech Mahindra with $5 billion annual revenue run rate in sight. The current quarter has been impressive on all fronts, delivering steady growth in the enterprise and communications business along with margin expansion,” Tech Mahindra Managing Director and Chief Executive Officer C P Gurnani said in a statement.

The total headcount of the company stood at 1,21,842 by the end of December 2018.

“We continue to improve on our operating metrics across most of our business lines. We have clocked yet another strong quarter, in terms of revenue growth, continued Ebitda margin improvement, cash flow and robust deal wins,” Tech Mahindra Chief Financial Officer Manoj Bhat said.

Published on February 05, 2019
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