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Tech Mahindra has posted a 26.5% sequential fall in net profit, for the quarter ended June,2018.
It posted a consolidated Profit After Tax (PAT) of Rs.898 crore. PAT in the previous quarter was Rs.1,222 crore. The company reported 2.8% QoQ growth in revenue at Rs.8,276 crore in rupee terms, as compared with Rs.8,054.5 crore in the previous quarter. The revenue grew 12.8% YoY.
EBIT margin in the first quarter was 13% 80 bps, lower than 13.8% in the previous quarter. Further, it reported a dollar revenue of USD 1,224.1 million, up 7.5% on-year basis and down 1.6% sequentially.
