New Delhi: IT firm Tech Mahindra reported a 9% sequential increase in consolidated net income for the September quarter to ₹1,064 million rupees. The net profit of the company was ₹972 crore in the June quarter.
The company’s consolidated operating income increased 3% to ₹9,372 crore compared to ₹9.106 crore in the June quarter.
The company has announced a special dividend of ₹15 per share. The dividend will be paid on November 12.
“Our Repair, Rally and Rise strategy has helped the company emerge stronger, on our way to a post-Covid world. We are witnessing a resurgence in demand across multiple segments as customers have accelerated their pace of digital transformation. The experiences will allow us to capture more spending in consumerization as companies try to stay relevant in today’s environment, “said CP Gurnani, CEO and CEO of Tech Mahindra.
“Strong execution of both revenue growth and operating metrics has helped improve our performance on all fronts. Our cash conversion remains strong and we remain committed to creating value for our shareholders through a return of effective capital, “said Manoj Bhat, CFO. , Tech Mahindra.
Tech Mahindra also announced the acquisition of digital business technology company Momenton and technology consulting firm Tenzing.
“Tech Mahindra has acquired 100 percent of the equity capital in both organizations, and together they will enable digital capabilities, modern cloud-based architecture and transformation for clients at ANZ (Australia and New Zealand), specifically in Financial Services,” the statement said. .
On Friday, the company’s price on BSE closed 1.14% more in ₹847.
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