Tech Mahindra Q4 results date: IT firm to declare quarterly earnings on this date
Tech Mahindra Q4 results 2024 date: IT major Tech Mahindra is all set to report its financial results for the fourth and final quarter of the financial year 2023-24 on Thursday, April 25.
Tech Mahindra Q4 results 2024 date: IT major Tech Mahindra is all set to report its financial results for the fourth and final quarter of the financial year 2023-24 on Thursday, April 25.
The sixth largest IT services company by market capitalisation's regulatory filing dated April 9 read, "In continuation of our earlier intimation dated 28th March, 2024, we hereby inform you that an Earnings Conference Call is scheduled to be held on Thursday, 25th April, 2024 at 6:00 p.m. (IST)."
The IT services major stock on Wednesday, April 10 gained as much as 1.75 per cent to Rs 1,273 on BSE. On April 10, the Mahindra group company has a market capitalisation of Rs 1,24,033.68 crore, as per data available on BSE.
Tech Mahindra Q3 results: How did it fare in Q3FY24?
Tech Mahindra posted a 60 per cent decline in net profit at Rs 510.4 crore in Q3.
The company had reported a net profit of Rs 1,296.6 crore in the year-ago period while the same was at Rs 493.9 crore in the quarter-ago period.
Tech Mahindra's overall revenue from operations declined 4.6 per cent to Rs 13,101 crore in the third quarter from Rs 13,734 crore in the same period a year ago.
There was a sharp decline in the operating profit, with the margin narrowing to 5.4 per cent from the 12 per cent in the year-ago period.
What does Tech Mahindra do?
Tech Mahindra is a multinational information technology services and consulting company. Part of the Mahindra Group, Tech Mahindra is headquartered in Pune.
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