Tech Mahindra Q2: Profit down 61%, lowest QoQ growth among peers

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Quarterly net profit stood at Rs 494 crore, with the sharp fall coming at a time when all leading industry peers have given a bleak FY24 guidance due to a delay in decision-making and cuts in discretionary spend.

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Tech Mahindra Q2: Profit down 61%, lowest QoQ growth among peers

Quarterly net profit stood at Rs 494 crore, with the sharp fall coming at a time when all leading industry peers have given a bleak FY24 guidance due to a delay in decision-making and cuts in discretionary spend.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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