Tech Mahindra is estimated to report a 103% year-on-year (YoY) jump in its Q3FY25 net profit. On a sequential basis, net profit is expected to fall 17%.

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.

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.

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.

Indian software services provider Tech Mahindra reported lower-than-expected third-quarter revenue on Friday on weak demand in its mainstay telecom segment.

The country's fifth biggest IT services firm reported a 93 per cent jump in December quarter net profit at ₹983 crore

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

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.

IT and Consulting giant firm, Tech Mahindra announced the Q3 results ending on December 31, 2024. The company held the meeting today. “approved the Audited Consolidated and Standalone Financial Result