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Tech Mahindra Profit Tumbles 61% In Q3, Revenue Stagnant

Tech Mahindra reported a 61 per cent decline in its third quarter profit for the financial year 2023-2024 on Wednesday. The company said its profit stood at Rs 510.40 crore against Rs 1,297 crore during the corresponding period in 2022. The tech giant’s revenue stood at Rs 13,101 crore, up by 1.8 per cent on […]

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Mohit Joshi Joins Tech Mahindra As Additional Director And MD-Designate

Tech Mahindra on Thursday appointed Mohit Joshi as an additional director of the board of directors. Effective from 20 June 2023, this development aligns with the company’s plan for a seamless leadership transition. The decision was made during a board meeting held on Thursday, where the directors approved the appointment, subject to shareholder approval during […]

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Tech Mahindra PAT Drops 26% In Q4

Pune-based Tech Mahindra on Thursday reported a drop of 25.8 per cent to Rs 1,118 crore in its consolidated profit after tax (PAT) year-on-year (YoY). For the quarter ended 31 March, 2023, the company’s revenue was recorded at Rs 13,718 crores, down 0.1 per cent quarter-on-quarter (QoQ), up 13.2 per cent YoY. Tech Mahindra’s EBITDA […]

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