Mumbai: Tech Mahindra On Wednesday, it reported a 60 per cent decline in net profit to Rs 510.4 crore for the three months ending December 2023. Mahindra The group company had reported a net profit of Rs 1,296.6 crore in the year-ago period, compared with Rs 493.9 crore in the quarter-ago period.
Its total revenue from operations declined 4.6 per cent to Rs 13,101 crore in the third quarter of the current financial year, from Rs 13,734 crore in the same period a year ago.
Operating profit fell sharply and margins declined to 5.4 per cent from 12 per cent a year ago.
Shares of the company closed 3.09 percent higher at Rs 1,407.75. BSE,
Its total revenue from operations declined 4.6 per cent to Rs 13,101 crore in the third quarter of the current financial year, from Rs 13,734 crore in the same period a year ago.
Operating profit fell sharply and margins declined to 5.4 per cent from 12 per cent a year ago.
Shares of the company closed 3.09 percent higher at Rs 1,407.75. BSE,
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