Tech Mahindra Q2 consolidated net profit rises 59.6 percent

November 15th, 2011 - 10:17 pm ICT by IANS  

Mumbai, Nov 15 (IANS) IT firm Tech Mahindra Tuesday reported 59.6 percent increase in consolidated net profit at Rs.240.44 crore for the quarter ended Sep 30 against Rs.150.66 crore during the like period of the previous financial year.

The total income, however, declined 7 percent at Rs.1,430.41 crore during the quarter under review from Rs.1,539.08 crore during the like period of the previous fiscal, the company said in a regulatory filing.

At the Bombay Stock Exchange, the shares of the company closed 1.16 percent at Rs.615.70

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