Tech Mahindra Ltd.
-37.25 (-2.17%) Tech Mahindra reports 39% fall in Q1 consolidated net profit
Date: 26-07-2023Tech Mahindra has reported results for first quarter ended June 30, 2023 (Q1FY24).
The company has reported 40.49% fall in net profit at Rs 559.50 crore for the quarter ended June 30, 2023 as compared to Rs 940.10 crore for the same quarter in the previous year. However, total income of the company marginally increased by 6.04% at Rs 10898.20 crore for Q1FY24 as compared Rs 10277.00 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 38.68% fall in its net profit at Rs 703.60 crore for the quarter under review as compared to Rs 1147.50 crore for the same quarter in the previous year. However, total income of the company marginally increased by 4.06% at Rs 13350.70 crore for Q1FY24 as compared Rs 12830.00 crore for the corresponding quarter previous year.