Chennai: Tech Mahindra on Wednesday said it closed the second quarter of FY24 with a lower net profit and operational revenue and also declared an interim dividend of Rs 12 per share of Rs 5 each. The company also announced the amalgamation of its three subsidiaries with itself. In a regulatory filing, the company said for the quarter ended September 30, 2023, it had logged a consolidated operational revenue of Rs 12,863.9 crore (against Q2FY23’s Rs 13,129.5 crore) and a net profit of Rs 493.9 crore (Rs1,186.4 crore). Tech Mahindra’s Board also approved the merger by absorption of its wholly owned subsidiaries – Rs.23.85 crore turnover Perigord Premedia (India) Private Ltd; Rs.23.68 crore t
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