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Tech Mahindra reports 59% fall in Q3 consolidated net profit

24 Jan 2024 Evaluate

Tech Mahindra has reported results for third quarter ended December 31, 2023 (Q3FY24). 

The company has reported 59.66% fall in net profit at Rs 485.90 crore for the quarter ended December 31, 2023 as compared to Rs 1,204.40 crore for the same quarter in the previous year. Total income of the company decreased by 4.75% at Rs 10,816.60 crore for Q3FY24 as compared Rs 11,356.20 crore for corresponding quarter of the previous year.

On consolidated basis, the company reported 59.25% fall in its net profit at Rs 523.70 crore for Q3FY24 as compared to Rs 1,285.30 crore for the same quarter in the previous year. Total income of the company decreased by 5.67% at Rs 13,188.80 crore for Q3FY24 as compared Rs 13,981.80 crore for corresponding quarter of the previous year.

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