Tech Mahindra reported 1285 Crore rupee profit company announced 18 rupee special dividend – Business News India
IT sector giant Tech Mahindra has announced a special dividend to its investors. Tech Mahindra is going to give a dividend of 360 percent to the investors on every share. That is,
the IT company will give a special dividend of Rs 18 on every share. The company has fixed a record date of November 10, 2022 for dividend. Tech Mahindra wants to pay special
dividend on 24th November 2022. Consolidated net profit of the company stood at Rs 1285 croreTech Mahindra's consolidated net profit stood at Rs 1285 crore in the July-September
2022 quarter. The IT company's consolidated net profit declined by 4% year-on-year compared to the same period last year. Tech Mahindra's revenue in the September 2022 quarter grew
by nearly 21% to Rs 13,129 crore on a year-on-year basis. Shares of Tech Mahindra closed at a level of Rs 1071.65 on the Bombay Stock Exchange on 1 November 2022. Also read- The
share price of the giant pharma company is at 52-week high, 11% jump in profit
Employees cost of the company stood at Rs 6895 croreOn a quarterly basis, Tech Mahindra's
revenue grew by 3.3% and profit grew by nearly 14%. Tech Mahindra's dollar revenue grew nearly 3% in constant currency terms. Tech Mahindra's operating profit declined 0.6%
year-on-year to Rs 1984 crore, but grew 5.5% on a quarterly basis. Tech Mahindra's operating margin rose 30 basis points to 15.1%. The IT company's employee cost increased by 27.3%
year-on-year and 5.3% quarter-on-quarter to Rs 6895 crore. Also read- LIC increased stake in this share of Tata Group, became a rocket, expert said – the price will go up to ₹
435 in a week
The company's shares have fallen by 40% so far this year Shares of Tech Mahindra have fallen nearly 40% so far this year. The company's shares were at a
level of Rs 1785.10 on the Bombay Stock Exchange (BSE) on 3 January 2022 at the beginning of the year. The shares of the company have closed at Rs 1071.65 on BSE on 1 November
2022. Shares of Tech Mahindra have fallen 28% in the last one year. At the same time, the company's shares have climbed about 7 percent in the last one month. Disclaimer: The
information given here is only about the performance of the stock, it is not an investment advice. Investing in the stock market is subject to risks and please consult your advisor
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