Tech Mahindra Reports Q1 Profit Decline, Tata Consumer Revenue Rises — Earnings Wrap Read more at: https://www.bqprime.com/business/tech-mahindra-reports-q1-profit-decline-tata-consumer-revenue-rises-earnings-wrap Copyright © BQ Prime
Tech Mahindra Ltd. reported a revenue and profit decline in the first quarter of fiscal 2024, underscoring the slowdown seen in the wider Indian IT services industry. The Pune-based software service outsourcer’s net profit declined 37.5% to Rs 703.6 crore vs Rs 1,125 crore in the January-March quarter, according to an exchange filing on Wednesday. Bloomberg estimated a net profit of Rs 1,146.9 cr
Read more at: https://www.bqprime.com/business/tech-mahindra-reports-q1-profit-decline-tata-consumer-revenue-rises-earnings-wrap
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