The board of Tech Mahindra declared an interim dividend of Rs 15 per share along with its quarterly results for the period ended September 2024. It has fixed November 1 as the record date for the purpose.
“We wish to inform you that the Board of Directors of the Company have at their Meeting held today, Saturday, 19th October, 2024 (IST) commenced at 00:00 am (IST), inter-alia, approved the following:- Declared Interim dividend of Rs. 15/- per equity shares of Rs. 5/- each i.e. 300% of the face value,” said the company in a filing to the exchanges.
The company further informed that the payment of the said dividend will be made to the shareholders on or before November 17.
Tech Mahindra on Saturday said its September quarter consolidated profit jumped 153.1% YoY to Rs 1,250 while the revenue rose 3.5% YoY to Rs 13,313 crore.
On a sequential basis, profit and revenue saw a growth of 46.81% and 2.36% respectively.
During the quarter, the PAT margin stood at 9.4%, up 280 bps QoQ, up 560 bps YoY. New deal wins TCV stood at $603 million.
Revenue from the communications vertical dropped 1.7% YoY while BFSI recorded a YoY growth of 4.5%. Revenues from the technology, media and entertainment verticals rose 2.4%.
"This quarter we see consistent performance around increasing deal wins, revenue growth, cost optimisation and steady free cash flow generation as we continue our journey towards FY27 stated targets. In line with our capital allocation policy the board has declared an interim dividend of Rs. 15 per share," Rohit Anand, Chief Financial Officer, Tech Mahindra, said.
Tech Mahindra shares settled at Rs 1,688 apiece on the BSE on Friday, down 0.68% from the previous close.
“We wish to inform you that the Board of Directors of the Company have at their Meeting held today, Saturday, 19th October, 2024 (IST) commenced at 00:00 am (IST), inter-alia, approved the following:- Declared Interim dividend of Rs. 15/- per equity shares of Rs. 5/- each i.e. 300% of the face value,” said the company in a filing to the exchanges.
The company further informed that the payment of the said dividend will be made to the shareholders on or before November 17.
Tech Mahindra on Saturday said its September quarter consolidated profit jumped 153.1% YoY to Rs 1,250 while the revenue rose 3.5% YoY to Rs 13,313 crore.
On a sequential basis, profit and revenue saw a growth of 46.81% and 2.36% respectively.
During the quarter, the PAT margin stood at 9.4%, up 280 bps QoQ, up 560 bps YoY. New deal wins TCV stood at $603 million.
Revenue from the communications vertical dropped 1.7% YoY while BFSI recorded a YoY growth of 4.5%. Revenues from the technology, media and entertainment verticals rose 2.4%.
"This quarter we see consistent performance around increasing deal wins, revenue growth, cost optimisation and steady free cash flow generation as we continue our journey towards FY27 stated targets. In line with our capital allocation policy the board has declared an interim dividend of Rs. 15 per share," Rohit Anand, Chief Financial Officer, Tech Mahindra, said.
Tech Mahindra shares settled at Rs 1,688 apiece on the BSE on Friday, down 0.68% from the previous close.
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