Tech Mahindra reported a strong 92.63 per cent year-on-year (YoY) growth in its consolidated profit for the quarter ended December 2024, reaching Rs 983 crore. The profit stood at Rs 510 crore in the corresponding quarter of the previous financial year.

MUMBAI (Reuters) - Indian software services provider Tech Mahindra reported lower-than-expected third-quarter revenue on Friday on weak demand in its mainstay telecom segment.

FY25 results show a 21% drop in profit to Rs 988.8 crore, falling short of the Rs 1,061 crore estimate by analysts, while revenue dipped 0.2% to Rs 13,285.60 crore.

Wipro, Tech Mahindra, ICICI Lombard, Jio Financial Services, and SBI Life Insurance Company will release their earnings report for the Oct-Dec quarter today

Tech Mahindra’s Q3 profit skyrocketed 92.63 per cent to Rs 983.2 crore in comparison to Rs 510.4 crore posted during the same period of previous financial year.

Tech Mahindra, an IT services company, released its financial results for the third quarter that ended on december 31 of the current fiscal year (Q3 FY25). Revenue and net profit Q3 FY25 During the reporting quarter,

Sequentially, net profit declined 21.36 percent. The decline in profit is due to a higher base reported in previous quarter, that came from a one-time special income from sale of assets.

MUMBAI/BENGALURU (Reuters) -Indian software services provider Tech Mahindra reported lower-than-expected third-quarter revenue on Friday on weak demand in its mainstay telecom segment. The company's revenue rose 1.