Tech Mahindra trade jubilantly on reporting stellar Q4 consolidated numbers

24 May 2012 Evaluate

Tech Mahindra is currently trading at Rs. 634.05, up by 22.15 points or 3.62% from its previous closing of Rs. 611.90 on the BSE.

The scrip opened at Rs. 631.00 and has touched a high and low of Rs. 635.00 and Rs. 613.75 respectively. So far 10450 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. 646.40 and Rs. 591.05 respectively. The current market cap of the company is Rs. 7802.50 crore.

The promoters holding in the company stood at 70.82% while Institutions and Non-Institutions held 20.49% and 8.69% respectively. 

Tech Mahindra has posted a fall of 55.99% in its net profit at Rs 80.32 crore for the quarter ended March 31, 2012 as compared to Rs 182.50 crore for the same quarter in the previous year. However, total income has increased by 9.52% at Rs 1346.76 crore for quarter under review as compared to Rs 1229.70 crore for the quarter ended March 31, 2011.

For the full year ended March 31, 2012, the company has posted a fall of 33.90% in its net profit at Rs 460.56 crore as compared to Rs 696.73 crore for the same period in the previous year. However, total income has increased by 4.29% at Rs 5310.74 crore for year under review as compared to Rs 5092.22 crore for the period ended March 31, 2011.

On the consolidated basis, the company has posted a rise of 228.13% in its net profit at Rs 302.50 crore for the quarter ended March 31, 2012 as compared to Rs 92.19 crore for the same quarter in the previous year. Its total income has increased by 8.08% to Rs 1397.91 crore for the January- March, 2012 from Rs 1293.44 crore for similar quarter of the previous year.

For full year ended, group has posted a rise of 70.07% in its net profit at Rs 1095.45 crore as compared to Rs 644.13 crore in the previous year. However, total income has registered growth of 6.05% at Rs 5587.86 crore for the year under review against Rs 5269.08 crore for the year ended March 31, 2011.

Tech Mahindra Share Price

1689.10 -10.45 (-0.61%)
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