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Tech Mahindra Ltd Q3FY24; 59% 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 Q3FY24 of ₹13,101.00 Crores down from ₹13,735.00 Crore year on year, a fall of 4.62%.

Total Expenses for Q3FY24 of ₹12,514.00 Crores up from ₹12,211.00 Crores year on year, a rise of 2.48%.

Consolidated Net Profit of ₹524.00 Crores down 59.22% from ₹1,285.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹5.23, down 60.74% from ₹13.32 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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