Tech Mahindra Q3 profit down 61% at Rs 510 crore in FY24

Tech Mahindra reported a 60.6% year-on-year fall in its net profit for the quarter ended December at Rs 510 crore.

The country’s fifth largest software services firm cited its business rationalisation measures as well as continuing macroeconomic headwinds impacting its clients across business segments for missing profit estimates.