Tech Mahindra Q2 profit slides 4% on higher expenses; declares special dividend of ₹18
- On a sequential basis, PAT rose 13.6%
- The company board announced a special dividend of ₹18 per share
Country's fifth largest IT services exporter Tech Mahindra on Tuesday reported a 4% year-on-year decline in consolidated profit after tax (PAT) to ₹1,285.4 crore in the second quarter of FY23 (July-September), as higher expenses offset the rise in revenue. The firm had posted a profit of ₹1,338.7 crore in the year-ago period.
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