Tech Mahindra Ltd.
8.80 (0.52%) Tech Mahindra reports 7% fall in Q3 consolidated net profit
Date: 31-01-2023Tech 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.