Tech Mahindra Ltd.

BSE: 532755 | NSE: TECHM
Large Cap | IT - Software
1705.35
62.05 (3.78%)
< Home < Back

Tech Mahindra reports 61% fall in Q2 consolidated net profit

Date: 25-10-2023

Tech Mahindra has reported results for second quarter ended September 30, 2023 (Q2FY24). 

The company has reported 41.87% fall in its net profit at Rs 555.80 crore for Q2FY24 as compared to Rs 956.20 crore for the same quarter in the previous year. Total income of the company decreased by 1.63% at Rs 10953.30 crore for Q2FY24 as compared Rs 11134.30 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported 61.11% fall in its net profit at Rs 505.30 crore for the quarter under review as compared to Rs 1299.20 crore for the same quarter in the previous year. Total income of the company decreased by 2.17% at Rs 13128.10 crore for Q2FY24 as compared Rs 13419.70 crore for the corresponding quarter previous year.