Tech Mahindra rises on reporting 7% jump in Q3 consolidated net

09 Feb 2012 Evaluate

Tech Mahindra is currently trading at Rs. 655.00, up by 4.25 points or 0.65% from its previous closing of Rs. 650.75 on the BSE.

The scrip opened at Rs. 648.00 and has touched a high and low of Rs. 663.00 and Rs. 632.75 respectively. So far 44457 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 797.70 on 27-Jul-2011 and a 52 week low of Rs. 524.20 on 30-Sep-2011.

Last one week high and low of the scrip stood at Rs. 670.00 and Rs. 632.75 respectively. The current market cap of the company is Rs. 8286.92 crore.

The promoters holding in the company stood at 70.90% while Institutions and Non-Institutions held 20.14% and 8.97% respectively.  

IT company, Tech Mahindra has reported results for third quarter ended December 31, 2011.

The company has posted a fall of 46.11% in its net profit after tax to Rs 108.86 crore for the quarter ended December 31, 2011 as compared to Rs 201.99 crore for the same quarter in the previous year. However, total income has increased by 11.56% to Rs 1375.17 crore for quarter under review as compared to Rs 1232.66 crore for the quarter ended December 31, 2010.

On the consolidated basis, the company has posted a rise of 7.38% in its net profit at Rs 276.02 crore for the quarter ended December 31, 2011 as compared to Rs 257.05 crore for the same quarter in the previous year. Total income has increased by 15.65% at Rs 1459.62 crore for the quarter under review as compared to Rs 1262.12 crore year ago.

Profit after tax for the quarter as well as nine months ended December 31, 2011 and 2010 are not comparable as the figures in respect of 2010 do not include share in profit of SCSL for the period October to December 2010 amounting to Rs 2,510 lakh (profit) and the profit for the nine months ended December 31, 2010 include share in SCSL for May 2009 up to March 2010 (post acquisition period) amounting to Rs 3,670 lakh (loss).

Tech Mahindra Share Price

1685.20 -69.70 (-3.97%)
20-Dec-2024 16:59 View Price Chart
Peers
Company Name CMP
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Tech Mahindra 1685.20
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