Tech Mahindra Q1 Profit Up 23% to Rs 851 Cr | Tech News

By By Rediff Money Desk, Mumbai
Jul 25, 2024 16:40
Tech Mahindra reports a 23% rise in Q1 profit to Rs 851 crore, despite a slight revenue decline. Learn more about the company's financial performance.
Mumbai, Jul 25 (PTI) IT services company Tech Mahindra on Thursday said it has posted a 23 per cent increase in its consolidated profit after tax to Rs 851 crore in the June 2024 quarter.

During the April-June quarter, the city-headquartered company's revenue declined 1.2 per cent year-on-year to Rs 13,005 crore and rose 1 per cent quarter-on-quarter.

Its operating profit margins widened 1.90 per cent to 12 per cent.

The total head count increased by 2,165 to a total or 1.47 lakh employees.
Source: PTI
Read More On:
tech mahindraq1 resultsprofitrevenueit services
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.

You May Like To Read

MORE NEWS

DRI Seizes Red Sanders Worth Rs 6.26 Cr, 4...

DRI seizes 15 MT of red sanders worth Rs 6.26 crore in Delhi, arrests 4. Illegal export...

UAE Fund to Invest ₹1,000 Cr in Kerala Startups

UAE-based Feeder Fund to invest ₹1,000 crore in Kerala startups over 3 years. Boost...

ECL Aims for 58 MT Output, Mine Closures Planned

Eastern Coalfields Ltd (ECL) targets 58 MT output, plans closure of six underground...

India: Export Potential in Russia

300 Indian products have huge export potential in Russia. Engineering, pharma, agri,...

Gold & Silver Rally: Inflation Data in Focus

Gold and silver prices rally amid inflation data focus. Analysts eye central bank...

India Ranks 3rd in Global AI Vibrancy Index

India ranks 3rd in Stanford University's Global AI Vibrancy tool, surpassing advanced...

EPFOA Urges CPFC: Equip Offices for Compliance

EPFOA urges CPFC to equip field offices with authority & tools to handle default &...

TV Prices to Rise in January: Chip Shortage &...

TV prices are expected to increase in January due to memory chip shortages and a...

India Gems & Jewellery Exports Up 20% in November

India's gems and jewellery exports grew 20% to USD 2.5 billion in November, says GJEPC....

Navi Mumbai Airport: 3rd Runway Feasibility Study

CIDCO invites bids for a consultant to study the feasibility of a third runway at Navi...

Read More »

Sectoral Indices Market Indicators Listed Companies Gainers Losers Mutual Funds Portfolio Watchlist
© 2025 Rediff.com