Tech Mahindra Q1 Net Profit Falls 15% at Rs 959 Crore Dollar Revenue Marginally Lower

In the constant currency terms, the revenue growth was at 3.7 percent

Tech Mahindra on July 30 reported a 15.3 percent fall in its Q1FY20 net profit at Rs 959 crore against Rs 1,132.5 crore in the quarter ended March 2019

The company's rupee revenue was down 2.7 percent at Rs 8,653 crore against Rs 8,892.3 crore and dollar revenue was down 1.6 percent at $1,247.1 million against $1,267.5 million QoQ.

Earnings before interest and taxes (EBIT) fell 27.4 percent at Rs 992.8 crore, while margin was down 390 bps at 11.5 percent.

In the constant currency terms, the revenue growth was at 3.7 percent.

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