X

Tech Mahindra Ltd Q1FY24; 39% fall in Profits

Tech Mahindra Ltd provides comprehensive range of IT services, including IT enabled service, application development and maintenance, consulting and enterprise business solutions, etc. to a diversified base of corporate customers in a wide range of industries.

Financial Results:

Tech Mahindra Ltd reported Revenues for Q1FY24 of ₹13,159.00 Crores up from ₹12,708.00 Crore year on year, a rise of 3.55%.

Total Expenses for Q1FY24 of ₹12,388.00 Crores up from ₹11,345.00 Crores year on year, a rise of 9.19%.

Consolidated Net Profit of ₹704.00 Crores down 38.68% from ₹1,148.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹7.10, down 39.00% from ₹11.64 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

Related Post