Tech Mahindra gains 8% as margins impress in Q2

Shares of Tech Mahindra have moved higher by 8% to Rs 741 per share on the BSE in intra-day trade after the company’s Ebitda (earnings before interest, tax, depreciation and amortization) margins in the September quarter (Q2FY19) expanded 240 bps sequentially at 18.8%, mainly led by operational efficiencies and currency tailwinds. On a year-on-year basis, Ebitda margins were improved by 430 bps.

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