Fri, Apr 26, 2024
Despite disappointing financial results for Q4 FY24 and the full fiscal year, Tech Mahindra's share price saw a remarkable 10% surge, reaching Rs 1,309 per share. The market's positive response underscores confidence in the company's future plans, despite falling short of street estimates.
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Thu, Jan 25, 2024
Tech Mahindra shares plunged over 6% on Thursday after lackluster December quarter results. Net profit dived 61% YoY to Rs 510 crore, while revenue and EBITDA also slipped. Brokerages remain cautious citing weak bookings and the need for clarity on the new CEO's strategy.
Thu, Oct 26, 2023
Tech Mahindra's share price tumbled nearly 4% on October 26 in early morning trade, after the IT company reported a 61% decline in consolidated net profit in the July-September quarter. The company's revenue from operations also declined by 2% during the quarter.
Thu, Jul 27, 2023
Tech Mahindra's top management in Corporate Radar. Profit down 38.1% to ₹692 Cr. Where did the pressure on margins come from? What were the reasons for the weak results? Watch an exclusive interview with the management of Tech Mahindra on the results.
Mon, May 29, 2017
After posting nearly 33% decline in its Q4 profit for FY17, the stocks of IT major Tech Mahindra fell down about 17% in the early trade on Monday.
Tue, Mar 07, 2017
With an aim to strengthen its position in the healthcare service provider space, Tech Mahindra has announced to acquire the US-based healthcare IT services and consulting firm The HCI Group.
Mon, Feb 06, 2017
Indian IT firm Tech Mahindra has suspended the appraisal cycle for senior-level employees possessing more than six years of experience pending a management review.
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