India's Tech Mahindra misses Q3 revenue view on telecom weakness
MUMBAI/BENGALURU (Reuters) -Indian software services provider Tech Mahindra reported lower-than-expected third-quarter revenue on Friday on weak demand in its mainstay telecom segment. The company's revenue rose 1.
Tech Mahindra Q3 profit surges 92.63% – Here’s what’s powering the big jump
Tech Mahindra’s Q3 profit skyrocketed 92.63 per cent to Rs 983.2 crore in comparison to Rs 510.4 crore posted during the same period of previous financial year.
Tech Mahindra Q3 PAT surges 93% to ₹983 crore
Tech Mahindra Ltd. for the third quarter ended December 31, reported 93% growth in consolidated net profit to ₹983.2 crore as compared with ₹510.4 crore in the year ago period. There has been a net profit margin expansion of 350 bps YoY. The company said the total contract value (TCV) of new deals grew by 95.4% YoY to $745 million.
Tech Mahindra Q3FY25: Net profit jumps 93% to Rs 983 cr, revenue up 1.4%
Tech Mahindra on Friday reported a 92.6 per cent leap in its consolidated net profit for the quarter that ended on December 31, 2024 (Q3 FY25) at Rs 983.2 crore compared Rs 510.4 crore reported during the same period last year. Sequentially, however the company's net profit dropped 21.4 per cent from Rs 1,250.1 crore.
Tech Mahindra Q3 Results: Consolidated PAT Climbs 93% YoY To Rs 983.2 Crore; Full Report Card Of Earnings Here
In dollar terms, Tech Mahindra reported revenue of $1,567 million, which was down by 1.3% QoQ and 0.4% YoY. However, revenue grew by 1.2% QoQ and by 1.3% YoY in constant currency terms.
Tech Mahindra Q3 results: Net profits jumps 92% YoY to Rs 983 crore, revenue up 1.4%
Sequentially, net profit declined 21.36 percent. The decline in profit is due to a higher base reported in previous quarter, that came from a one-time special income from sale of assets.
India's Tech Mahindra misses Q3 revenue view
Indian software services provider Tech Mahindra reported lower-than-expected third-quarter revenue on Friday on weak demand in its mainstay telecom segment.
Tech Mahindra Q3 results: Profits Rises 93% To Rs 983 Crore
IT and Consulting giant firm, Tech Mahindra announced the Q3 results ending on December 31, 2024. The company held the meeting today. “approved the Audited Consolidated and Standalone Financial Result
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