Tech Mahindra Q3 net profit down 5.3%: Check out what brokerages say about the stock

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January 31, 2023
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Tech Mahindra: The revenue from operations came in at Rs 13,735 crore, rising 19.9 percent from Rs 11,450 crore in the corresponding quarter of the previous year.

Tech Mahindra

Tech Mahindra share price fell 2.5 percent on January 31 as poor December quarter results disappointed investors.

Tech Mahindra reported a consolidated net profit of Rs 1,297 crore for the December quarter of the financial year 2022-23, down 5.3 percent. Profit after tax (PAT) stood at Rs 1,368 crore a year ago.

Revenue from operations came in at Rs 13,735 crore, rising 19.9 percent from Rs 11,450 crore in the corresponding quarter of the previous year, the information technology services firm said in an exchange filing.

At 9:30 am, the stock was quoting at Rs 1,009.8 apiece on the NSE, lower by 2.53 percent. The scrip is down over 31 percent in the past one year.

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