Tech Mahindra shares rise 1.5% after Q3 PAT jumps 93% YoY. Should you buy, sell, or hold?
The revenue from operations in Q3FY25 reached Rs 13,286 crore, reflecting a 1.4% increase compared to Rs 13,101 crore in the same period last year.
Tech Mahindra Q3FY25: Net profit jumps 93% to Rs 983 cr, revenue up 1.4%
Tech Mahindra on Friday reported a 92.6 per cent leap in its consolidated net profit for the quarter that ended on December 31, 2024 (Q3 FY25) at Rs 983.2 crore compared Rs 510.4 crore reported during the same period last year.
Tech Mahindra Q3 results: Net profits jumps 92% YoY to Rs 983 crore, revenue up 1.4%
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.
Tech Mahindra Q3 Results: Constant Currency Revenue Growth Better Than Expectations; Margin Expands
For the October-December period, the company saw a 1.2% growth in constant currency revenue, slightly above CNBC-TV18's estimated growth range of 0-1%.
Tech Mahindra Q3 profit surges 92.63% – Here’s what’s powering the big jump
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 Q3 PAT slides 21% QoQ
The IT major's consolidated net profit slipped 21.35% to Rs 983.2 crore in Q3 FY25 as against Rs 1,250.1 crore reported in Q3 FY24.
Tech Mahindra Q3 Results: Consolidated PAT Climbs 93% YoY To Rs 983.2 Crore; Full Report Card Of Earnings Here
In dollar terms, Tech Mahindra reported revenue of $1,567 million, which was down by 1.3% QoQ and 0.4% YoY. However, revenue grew by 1.2% QoQ and by 1.3% YoY in constant currency terms.
Tech Mahindra Q3 net profit zooms 93% on low base, profit margins expand
Tech Mahindra reported a 93% increase in net profit for the December quarter, reaching Rs 983 crore, aided by a low base in the corresponding period l
India's Tech Mahindra misses Q3 revenue view on telecom weakness
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.
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Mahindra Group-backed IT giant, Tech Mahindra is all set to announce Q3 results for FY25. The companys share price, however, traded on a bearish tone ahead of its earnings.
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