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Tech Mahindra Q3 Results: It reports a solid 92.63 percent year-on-year development in its combined revenue to Rs 983 crore for the 3rd quarter finished December 31, 2024.
Tech Mahindra Q3 Results.
Tech Mahindra Q3 Results: IT significant Tech Mahindra Ltd on Friday reported a solid 92.63 percent year-on-year (YoY) development in its combined revenue to Rs 983 crore for the 3rd quarter finished December 31, 2024. Its earnings throughout October-December 2024 expanded 1.4 percent YoY to Rs 13,286 crore.
On a quarter-on-quarter basis, Tech Mahindra’s internet revenue drops 21 percent. Its earnings slid 0.2 percent.
Its Ebitda for the December 2024 quarter stood at Rs 1,809 crore, which is a 57.8 percent surge as compared to Rs 1,146.5 crore in the year-ago quarter. On a QoQ basis, Ebitda increased by 3.4 percent.
Rohit Anand, primary economic policeman of Tech Mahindra, stated, “We provided development in EBIT margin and running rub, both on a consecutive and year-on-year basis, arising from our targeted activities under Project Fortius, together with constant rise in brand-new offer success, throughout prioritised verticals and markets. Our proceeded concentrate on optimizing functioning resources monitoring has actually led to generation of durable cost-free cashflow.”
Mohit Joshi, Chief Executive Officer and Managing Director, Tech Mahindra, said, “We see an improved rate of deal wins in our key verticals and priortised markets. This coupled with consistent expansion in operating margins, despite cross-currency headwinds during the quarter, reaffirms that we are on track to achieve our long-term goals.”
