Tech Mahindra Q1 results: Net profit rises 34% to Rs 1,141 crore on strong deal wins; revenue up 2.7%

Tech Mahindra reported a 33.9% year-on-year surge in net profit, reaching Rs 1,140.6 crore for the April-June quarter, driven by strong deal momentum. Revenue rose 2.65% to Rs 13,351.2 crore. CEO Mohit Joshi highlighted a 44% increase in deal wins over the last twelve months. The company's headcount increased to 1,48,517, with IT services attrition at 12.6%.

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