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Tech Mahindra Ltd Q2FY24; 61% 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 Q2FY24 of ₹12,864.00 Crores down from ₹13,130.00 Crore year on year, a fall of 2.03%.

Total Expenses for Q2FY24 of ₹12,514.00 Crores up from ₹11,756.00 Crores year on year, a rise of 6.45%.

Consolidated Net Profit of ₹505.00 Crores down 61.12% from ₹1,299.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹5.06, down 61.70% from ₹13.21 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.

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