Tech Mahindra Q3 Results: Profit down 60.6% at Rs 510.40 crore, revenue at Rs 13,101.30 crore

Tech Mahindra Ltd on Wednesday reported its third quarter profit for the financial year 2023-24 at Rs 510.40 crore, down 60.6 per cent in comparison to Rs 1296.60 crore during the third quarter of FY23, missing estimates. It posted revenue from operations at Rs 13,101.30 crore, down 4.6 per cent as against Rs 13,734.60 crore during the corresponding quarter of last year. According to a CNBC TV18 poll, Tech Mahindra was expected to record Q3FY24 profit at Rs 605 crore and revenue for the quarter in review was estimated at Rs 12,813 crore. The company EBITDA stood at Rs 1,146 crore, down 46.5 per cent on-year.