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Tech Mahindra reports 41% fall in Q4 consolidated net profit
Apr-25-2024

Tech Mahindra has reported results for fourth quarter (Q4) and year ended March 31, 2024.

The company has reported 22.06% fall in its net profit at Rs 527.40 crore for the quarter under review as compared to Rs 676.70 crore for the same quarter in the previous year. Total income of the company decreased by 3.04% at Rs 10683.70 crore for Q4FY24 as compared Rs 11018.10 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported 40.96% fall in its net profit at Rs 664.20 crore for fourth quarter ended March 31, 2024 as compared to Rs 1125.00 crore for the same quarter in the previous year. Total income of the company decreased by 5.55% at Rs 13244.80 crore for Q4FY24 as compared Rs 14023.70 crore for the corresponding quarter previous year.

For the year ended March 31, 2024, the company has reported 43.65% fall in its net profit at Rs 2128.60 crore as compared to Rs 3777.50 crore for the previous year. Total income of the company decreased by 0.99% at Rs 43351.80 crore for year under review as compared to Rs 43785.60 crore for year ended March 31, 2023.

For the year ended March 31, 2024, on the consolidated basis, the company has reported 50.65% fall in its net profit at Rs 2396.80 crore as compared to Rs 4857.00 crore for the previous year. Total income of the company decreased by 2.47% at Rs 52912.40 crore for year under review as compared to Rs 54255.20 crore for year ended March 31, 2023.

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