What was Tech Mahindra's revenue in the third quarter?

Tech Mahindra's revenue in the third quarter reached 143.93 billion rupees ($1.58 billion).

Why did Tech Mahindra's profit miss expectations?

Tech Mahindra's net profit missed expectations due to a one-time charge of 2.72 billion rupees from India's new labor codes.

Which segments contributed to Tech Mahindra's revenue growth?

Tech Mahindra's revenue growth was primarily driven by its communications and manufacturing segments.

Home / Business and Economy / Tech Mahindra Beats Revenue Estimates Despite Profit Miss

Tech Mahindra Beats Revenue Estimates Despite Profit Miss

16 Jan

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Summary

Tech Mahindra's third-quarter revenue rose 8.3% to 143.93 billion rupees.
Communications and manufacturing segments fueled the revenue growth.
A one-time charge impacted net profit, causing it to miss expectations.

Tech Mahindra Beats Revenue Estimates Despite Profit Miss

Tech Mahindra reported its third-quarter financial results on Friday, revealing a revenue increase of 8.3% to 143.93 billion rupees for the period ending December 31. This figure exceeded the 141.58 billion rupees anticipated by analysts, driven primarily by robust performance in its communications and manufacturing segments. The communications division contributed significantly, with revenue up 4.7%, while the manufacturing sector saw an impressive 11.7% growth.