Tech Mahindra on Tuesday reported a 25 per cent increase in its consolidated net profit at Rs.377.24 crore for the quarter ended March 31, 2013, against Rs.302.50 crore in the year-ago period.
The consolidated income rose by 34 per cent to Rs.1,907.17 crore from Rs.1,419.05 crore.
“I am satisfied that we have delivered profitable growth for 2012-13, with a significant margin improvement. I am confident that with our deep domain expertise in telecom and a full portfolio of offerings, we would be able to leverage our leadership position to deliver higher value for all our stakeholders,” Tech Mahindra Executive V. P. Vineet Nayyar said.
For the entire 2012-13 fiscal, the firm’s consolidated net profit rose to Rs.1,287.81 crore from Rs.1,095.54 crore in the 2011-12 fiscal.
Its consolidated income increased to Rs.6,873.08 crore from Rs.5,489.69 crore. On a standalone basis income from operations rose by 14.5 per cent to Rs. 6001.89 crore in 2012-13 from Rs. 5243.02 crore in 2011-12, while the net profit rose by 41.6 per cent to Rs. 653 crore from Rs. 461 crore.
The directors have recommended a dividend of Rs.5 per share (50 per cent) for 2012-13 fiscal.
Its total headcount stood at 47,498 for the year ended March 31, 2013, of which software professionals accounted for 24,410, BPO (21,552) and support staff at 1,536.
Tech Mahindra’s cash and cash equivalent stood at Rs.710 crore as of March 31, 2013.
The company reported a debt of Rs.1,380 crore as of March 31, 2013.
On the client side, Tech Mahindra said its active client count stood at 151 in FY 13 against 130 in FY 12.
Keywords: Tech Mahindra