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Tech Mahindra reports 5% fall in Q3 consolidated net profit

01 Feb 2020 Evaluate

Tech Mahindra has reported results for third quarter ended December 31, 2019.

The company has reported a fall of 19.92% in its net profit at Rs 923.20 crore for the quarter under review as compared to Rs 1,152.90 crore for the same quarter in the previous year. However, total income of the company increased by 12.98% at Rs 7,988.70 crore for Q3FY20 as compared Rs 7,071.10 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a fall of 4.74% in its net profit attributed to the equity holders at Rs 1,145.90 crore for the quarter under review as compared to Rs 1202.90 crore for the same quarter in the previous year. However, total income of the company increased by 10.86% at Rs 10,004.20 crore for Q3FY20 as compared Rs 9,024.30 crore for the corresponding quarter previous year.

Peers
Company Name CMP
TCS 2069.95
Infosys 1011.70
HCL Technologies 1244.05
Wipro 163.55
Tech Mahindra 1545.40
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