MoneyWorks4Me

Tech Mahindra reports 7% fall in Q3 consolidated net profit

31 Jan 2023 Evaluate

Tech Mahindra has reported results for third quarter ended December 31, 2022 (Q3FY23).

The company has reported a fall of 12.41% in its net profit at Rs 1204.40 crore for the quarter under review as compared to Rs 1375.00 crore for the same quarter in the previous year. However, total income of the company increased 17.14% at Rs 11356.20 crore for Q3FY23 as compared to Rs 9694.90 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported fall of 6.74% in its net profit at Rs 1285.30 crore for the quarter under review as compared to Rs 1378.20 crore for the same quarter in the previous year. However, total income of the company increased 19.77% at Rs 13981.80 crore for Q3FY23 as compared to Rs 11673.90 crore for the corresponding quarter previous year.

Peers
Company Name CMP
TCS 2077.00
Infosys 1009.10
HCL Technologies 1244.85
Wipro 163.60
Tech Mahindra 1546.00
View more..