Sequentially, net profit declined 21.36 percent. The decline in profit is due to a higher base reported in previous quarter, that came from a one-time special income from sale of assets.
Tech Mahindra on Friday reported a 92.6 per cent leap in its consolidated net profit for the quarter that ended on December ...
Results: IT major reported a 93% YoY growth in consolidated net profit for Q3FY25, reaching Rs 983 crore. Revenue from operations rose 1.4% to Rs 13,286 crore. The company achieved a TCV growth of 95.
In US Dollar terms, the company's revenue stood at $1,567 million, which was lower than analysts expectations of $1,581 million. In rupee terms, Tech Mahindra's topline stood at ₹13,286 crore.
Tech Mahindra’s Q3 profit skyrocketed 92.63 per cent to Rs 983.2 crore in comparison to Rs 510.4 crore posted during the same period of previous financial year.
Several companies, including WIPRO and Tech Mahindra, are set to announce Q3 earnings today. WIPRO is expected to report a 1.0% revenue decline due to market softness and wage hikes impacting margins.
MUMBAI/BENGALURU (Reuters) -Indian software services provider Tech Mahindra reported lower-than-expected third-quarter ...
Tech Mahindra reported a 93% increase in net profit for the December quarter, reaching Rs 983 crore, aided by a low base in ...
Tech Mahindra's EBIT margin expanded to 10.2% from 9.6% in the previous quarter due to operational efficiency.
Both Wipro and Tech Mahindra have reported a revenue decline in the April-December 2024 period. While Wipro’s revenue declined 4.15% from the year-ago period to $7.78 billion, Tech Mahindra’s revenue ...
Ahead of Tech Mahindra's Q3 results, the market was eagerly anticipating updates on the company's wage hike timeline. The ...
Tech Mahindra Ltd. for the third quarter ended December 31, reported 93% growth in consolidated net profit to ₹983.2 crore as compared with ₹510.4 crore in the year ago period. There has been a net ...