Tech Mahindra announced that the Board of Directors of the Company at its meeting held on 19 October 2024, has recommended a Interim dividend of Rs.15 per share (i.e.300%), subject to the approval of the shareholders.Powered by Capital Market - Live News

Net profit of Tech Mahindra rose 153.11% to Rs 1250.10 crore in the quarter ended September 2024 as against Rs 493.90 crore during the previous quarter ended September 2023. Sales rose 3.49% to Rs 13313.20 crore in the quarter ended September 2024 as against Rs 12863.90 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales13313.2012863.90 3 OPM %13.157.11 - PBDT2183.301081.00 102 PBT1713.50615.30 178 NP1250.10493.90 153 Powered by Capital Market - Live News

Tech Mahindra will hold a meeting of the Board of Directors of the Company on 19 October 2024.Powered by Capital Market - Live News

Tech Mahindra has allotted 1,37,178 equity shares of Rs 5 each under ESOS. With this allotment, the paid up equity share capital has increased to 97,83,49,548 equity shares of Rs 5 each. Powered by Capital Market - Live News

Tech Mahindra has approved the sale of and admeasuring approx. 103 acres and buildings admeasuring built-up area of approx. 1,261,149 sq. ft situated at Bahadurpally village, Dundigal Gandimaisamma mandal (earlier Quthbullahpur mandal), Medchal-Malkajgiri district (earlier Ranga Reddy district), Hyderabad, Telangana (Property) to Mahindra University, subject to requisite regulatory approvals. The sale is for a consideration of Rs 535 crore payable over a period of 4 years along with interest. Mahindra University is a university established under the Telangana State Private Universities (Establishment and Regulation) Act, 2018 on the land and buildings owned by the Company. Mahindra Educational Institutions, a section 8 wholly-owned subsidiary of the Company is the sponsoring body of Mahindra University. As no business operations of the Company are carried out on the said land and building being sold, the said sale will not have any impact on the business operations of the Company.Powered by Capital Market - Live News