SUMMARY
IT services company Tech Mahindra has released its quarterly results. The company has also announced dividend to investors along with the results.
By cnbc voiceApr 25, 2024 5:08:42 PM IST (Updated)
IT services company Tech Mahindra has released its quarterly results. The company has also announced dividend to investors along with the results.
Tech Mahindra has announced a final dividend of Rs 28 per share to the investors. Earlier in December 2023, the company had given an interim dividend of Rs 12.
The company had given a final dividend of Rs 32 in April 2023. The company said that the final dividend will be paid on or before August 9, 2024.
On Thursday, the company’s shares closed at Rs 1,190.75 with a rise of 0.43 percent. In the last one year, the company’s shares have seen a rise of 19.52 percent. The 52 week high of the share is Rs 1,416.30.
The company’s profit has increased to Rs 661 crore. The company had registered a profit of Rs 510.4 crore in the previous quarter i.e. the quarter ending December. This increase in the company’s profit is more than 29 percent.
There has been a decline in the company’s income, which has come down from Rs 13,101.3 crore in the December quarter to Rs 12,871.3 crore in the March quarter.
