Tech Mahindra profit rises 39%
IT services provider Tech Mahindra on Friday reported a 39 per cent jump in its consolidated net profit for the March 2022 quarter at Rs 1,678.4 crore. The company exuded confidence that the positive business momentum will continue in the current fiscal.
On a standalone basis, the Mahindra group company reported a post-tax profit at Rs 1,505 crore in the quarter under review against Rs 1,081 crore a year ago.
The fifth-largest IT services company closed FY22 with a standalone profit of Rs 5,566 crore against Rs 4,428 crore in FY21.
Revenue from operations grew to Rs 12,116 crore from Rs 9,729 crore in the year-ago period.
Emami profit jumps
FMCG major Emami Ltd on Friday reported a multi-fold rise in consolidated net profit during the March quarter at Rs 354 crore against Rs 87.7 crore a year ago, boosted by a minimum alternate tax (MAT) credit of Rs 288 crore during the period.
Revenue for the quarter under review was Rs 770 crore, a 5 per cent rise over the topline of Rs 730 crore in January-March 2021.