Tech Mahindra lost over 12 percent intraday as investors reacted negatively to the company’s results.
The IT services major posted a consolidated net profit for the March quarter at Rs 589.7 crore, a fall of 30.2 percent against Rs 845 crore quarter on quarter.
A poll of analysts by CNBC-TV18 had pegged the net profit at Rs 788 crore.
The company’s consolidated rupee revenue came in around a percent lower at Rs 7,495 crore against Rs 7,557.5 crore QoQ.
For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory
The IT services major posted a consolidated net profit for the March quarter at Rs 589.7 crore, a fall of 30.2 percent against Rs 845 crore quarter on quarter.
A poll of analysts by CNBC-TV18 had pegged the net profit at Rs 788 crore.
The company’s consolidated rupee revenue came in around a percent lower at Rs 7,495 crore against Rs 7,557.5 crore QoQ.
For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory
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