IT services firm and a subsidiary of Mahindra & Mahindra, Tech Mahindra has announced its results for the quarter ended September 2010. It has reported consolidated net profit at Rs 150.7 crore as against Rs 144.3 crore, a growth of 4.4% on quarter-on-quarter basis (QoQ).
Consolidated net sales jumped 35.3% to Rs 1,533.90 crore from Rs 1,133.68 crore (QoQ).
In dollar terms, revenues increased to USD 328.2 million versus USD 251.1 million and in rupee terms, revenues went up to Rs 1,234.9 crore from Rs 1,133.7 crore (QoQ).
Earning before interest, depreciation, tax and amortisation (EBIDTA) margin in Q2FY11 stood at 18.4%.
The company added 7 clients in Q2FY11 and utilisation rate was at 75% as against 69% (QoQ).
Other income increased to Rs 8.3 crore from Rs 2.7 crore (QoQ).
Source: www.moneycontrol.com
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
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