Tech Mahindra shares plunge 6.67% post Q1 results
The company’s consolidated net profit stood at ₹851 crore growing by 28.8% from ₹661 crore in the previous quarter and by 23% on a year-over-year basis.
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Tech Mahindra shares zoom 13% on 3-year turnaround plan
Tech Mahindra launches Project Fortius as it aims to cut employee costs and hire freshers.
Tech Mahindra Q4 profit drops 40.9% to ₹661 cr
"Q4 marks the low point in our year-on-year growth trajectory," says Tech Mahindra CEO Mohit Joshi.
What Employers Do To Stay On Top
IT companies and banks feature among largest employers in the country. Here’s the lowdown on what India Inc.’s big boys are doing to keep employees engaged.
IT stocks tumble after Accenture lowers guidance; HCL Tech, Wipro, TCS, Infosys fall up to 6%
The BSE IT index declined nearly 2% today, led by index heavyweights HCL Technologies, Wipro, Infosys, TCS, and Tech Mahindra.
Mahindra Q3 profit jumps 61% to ₹2,454 cr
Mahindra & Mahindra's revenue rises 16% to ₹25,642 crore.
Tech Mahindra shares fall 6% post Q3; what should investors do?
The IT major’s net profit fell 60.6% YoY to ₹510 crore, while revenue from operations slipped 5% to ₹13,101 crore in Q3 FY24.
Tech Mahindra Q3 results: Net profit drops 61% to ₹510 crore
Revenue from operations declined 5% year-on-year to ₹13,101 crore.
From 67k to 71K in 12 sessions; Sensex rallies over 4,000 pts in December
In the first two weeks of December, the BSE benchmark Sensex has rallied 4,617 points, with FIIs injecting over ₹3,900 crore daily on an average this month.
IT Firms: Mind The Bend
Demand slowdown has forced the big boys of Indian IT to cut their growth outlook for FY24. As macro uncertainty looms large, companies are shifting focus to controlling costs to protect profitability.
