readbooks.inread at your pace

Tech Mahindra profit rises 33%; board proposes bonus issue

The 15 October results included a ₹15 interim dividend and a proposed one-for-one bonus.

Tech Mahindra reported quarterly net profit of approximately ₹1,586 crore on 15 October, an increase of about 33% from the comparable period a year earlier. The company also announced an interim dividend of ₹15 per share.

The board proposed a one-for-one bonus issue, under which eligible shareholders would receive an additional share for each share held, subject to the required approvals and arrangements. That proposal is separate from the cash dividend.

The announcement does not mean bonus shares had already been credited. It combines a completed quarterly financial result with planned shareholder actions whose approval, eligibility and implementation steps follow their own timetable.

Sources

By readbooks.in · published . Original summary prepared with AI assistance from the sources above. Report a correction.

back to all news