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Tech Mahindra PAT down 16.4 pc YoY

Tech Mahindra PAT down 16.4 pc YoY

Mumbai, July 25 (UNI) Despite increase in revenue, Tech Mahindra on Monday reported a 16.4 pc year-on-year fall in consolidated profit after tax (PAT) to Rs 1,132 crore for the quarter ended June 30, 2022.



The company registered 24.6 per cent year-on-year growth in revenue to Rs 12,708 crores during the same period, the company said in a statement.



The Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) was up 0.2%l pc YoY at Rs 1,880 crore.



On a quarter-on-quarter basis, PAT was down 24.8 per cent.



Commenting on the results, CP Gurnani, Managing Director and Chief Executive Officer, Tech Mahindra, said,'We are starting this fiscal with a renewed commitment towards delivering consistent organic growth. We remain resilient and watchful given the dynamic global macro-economic environment and will continue to invest in new and emerging technologies to deliver differentiated offerings. Our winning strategy rests on the pillars – ‘Purpose, People and Performance’ which is aiding us to responsibly capitalize on the strong demand environment in the market."

UNI AKM RKM

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