Latest Markets Business Earnings Personal Finance IPOs

Tech Mahindra Q4 Results: Net Profit Declines 17%, Misses Estimates

Tech Mahindra's net profit declined 17% sequentially to Rs 1,081.4 crore in the January-March period.

Darshan A Nakhwa
Employees walk past singage Tech Mahindra Ltd. outside one of the company's office buildings in the Electronic City area of Bengaluru, India. (Photographer: Dhiraj Singh/Bloomberg)

Tech Mahindra Ltd.’s profit fell in the quarter ended March, missing estimates, despite deal wins.

Related Coverage On Q4 IT Earnings

Shares of Tech Mahindra closed 1.26% higher before the results were announced. The stock has declined 1.61% so far this year compared with NSE IT index’s 5.01% gain.

Watch LIVE TV, Get Stock Market Updates, Top Business, IPO and Latest News on NDTV Profit.
GET REGULAR UPDATES

RECOMMENDED FOR YOU

CFO Leaders: The Making Of Five Star CFOs 
timelogo Jan 14, 2021
Stocks Rise, Treasuries Fall on Stimulus Bets: Markets Wrap
timelogo Aug 19, 2019
Stocks End Record-Setting Week With Further Gains: Markets Wrap
timelogo Jul 15, 2019
The Mutual Fund Show: The Dos And Don’ts Of Online Investing
timelogo Apr 27, 2019

POPULAR

1
AI Express Boeing 737 Plane Faces Tech Issue; Airline Cancels Lucknow-Dubai Flight
2
India US Trade Deal News Updates: Trump Says Close To Ink Pact With India
3
ALPA India Raises Red Flag Over Misuse Of Pilot Rest Norms; DGCA May Step In
4
IndiGo's Delhi–Goa Flight Makes Emergency Landing In Mumbai After Engine Failure: Report
5
Air India Finds No Issues With Locking Mechanism Of Fuel Control Switch In Boeing 787 Planes