Tech Mahindra gained 4.09% to Rs 706.90 at 9:55 IST on BSE on reporting net profit of Rs 254.36 crore in Q1 June 2008 as against net loss of Rs 207 crore in Q4 March 2008.
The company announced the results after trading hours yesterday, 21 July 2008.
The stock hit a high of Rs 710 and a low of Rs 694 so far during the day. The stock had a 52-week high of Rs 1550 on 11 October 2007 and a 52-week low of Rs 614.80 on 17 March 2008.
The company has an equity capital of Rs 121.52 crore. Face value per share is Rs 10.
The current price of Rs 706.90 discounts its Q1 June 2008 annualised EPS of Rs 83.74, by a PE multiple of 8.44.
Tech Mahindra’s net sales rose 11.10% to Rs 1100.70 crore in Q1 June 2008 over Q4 March 2008.
On a consolidated basis, Tech Mahindra reported net profit of Rs Rs 258.54 crore in Q1 June 2008 as against net loss of Rs 221.4 crore in Q4 March 2008. Total income rose 7.96% to Rs 1142.47 crore in Q1 June 2008 over Q4 March 2008.
At the time announcing Q1 June 2008 results on Monday, 21 July 2008, Tech Mahindra said it has bagged an worth $700 million from BT Group for systems transformation program. BT Group is the largest client and a shareholder of Tech Mahindra.
Tech Mahindra provides information technology (IT) services and solutions to the telecom sector. It provides a variety of services ranging from IT strategy and consulting to system integration, design, application development, implementation, maintenance and product engineering.
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