Q2 cons net up 23% YoY to Rs 296 Crores

Tech Mahindra Ltd. develops and markets computer software. The Company markets software for telecommunications equipment manufacturers, telecom service providers, software vendors, and systems integrators.

Tech Mahindra is a good bet in mid-cap IT space, well on its way to become a large-cap. Its currently trading at a P/E of little over 15 with decent dividend yields. It runs at a debt of 1806 Crores (Used for Satyam acquisition i believe) with 192 Crores cash in hand. Debt to Profits ratio is around 3 which is little above safe levels. Revenues have risen from 2753 Crores to 4965 Crores in the last 5 years. Profits have picked up from 65 Crores to 697 Crores in the last 5 years. NPM has taken off from little over 2% to 14% over the last 5 years. Buy and hold for long term gains.