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Tech Mahindra Q1 Results: Profit rises by 23% YoY, revenue at Rs 13,005.50 crore
26-Jul-2024
Tech Mahindra on Thursday recorded its fiscal first quarter profit at Rs 851.50 crore, up 23 per cent in comparison to Rs 692.50 crore posted during the corresponding quarter of FY24, missing estimates. It posted revenue from operations at Rs 13,005.50 crore, down 1.2 per cent as against Rs 13159.00 crore during the same period of previous fiscal year. The company EBITDA stood at Rs 1102.3 crore.
Mohit Joshi, Chief Executive Officer and Managing Director, Tech Mahindra, said, “It is encouraging to see positive momentum in most industry verticals which has led to revenue growth and margin expansion in an otherwise seasonally weak quarter. We continue to focus on execution and are on track to achieve our stated goals for FY27.”
News Source:- https://www.financialexpress.com/business/industry-tech-mahindra-q1-results-profit-rises-by-23-yoy-revenue-at-rs-13005-50-crore-3564987/
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