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Tech Mahindra Tumbles After Weak Q3 Results | Stock Market News

Tech Mahindra Tumbles After Weak Q3 Results | Stock Market News

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.

Tech Mahindra takes a knock on disappointing Q3 earnings; should you buy the dip?

Tech Mahindra takes a knock on disappointing Q3 earnings; should you buy the dip?

Thu, Jan 25, 2024

Besides, the large-cap IT consulting firm reported a sharp decline in operating profit, with the margin narrowing to 5.4 per cent from 12 per cent in the year-ago period.

Tech Mahindra Q3 result: Net profit falls 60% to Rs 510 crore

Tech Mahindra Q3 result: Net profit falls 60% to Rs 510 crore

Wed, Jan 24, 2024

Its overall revenue from operations declined 4.6 per cent to Rs 13,101 crore in the third quarter of the current financial year from Rs 13,734 crore in the same period a year ago.

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Tech Mahindra's Q2 net falls 18%

Tech Mahindra's Q2 net falls 18%

Thu, Oct 27, 2016

While CP Gurnani, Managing Director & CEO of Tech Mahindra said,"Overall it was a very good quarter for us with the growth well-supported by our key communications and enterprises businesses. We had some marquee wins which align very well with our strategy of catering to the connected world."

TCS lowers outlook for Q2FY17; drags shares of top 4 IT cos

TCS lowers outlook for Q2FY17; drags shares of top 4 IT cos

Thu, Sep 08, 2016

The company cautioned the investors on its business trends in the second quarter of this fiscal.

M&M's commercial vehicle owners to get DigiSense app

M&M's commercial vehicle owners to get DigiSense app

Fri, Aug 26, 2016

According to M&M, the smartphone app, will "enable new form of communication between the customer and Mahindra vehicles."

Investors cheer Tech Mahindra on approval for acquiring Target Group

Investors cheer Tech Mahindra on approval for acquiring Target Group

Wed, Aug 24, 2016

Tech Mahindra in a statement said,"The United Kingdom's financial conduct authorit (FCA) has confirmed that it has formally approved the acquisition of Target Group - a financial services outsourcing and software provider."

Tech Mahindra's Vineet Nayyar got nearly Rs 182 crore as pay package in FY16

Tech Mahindra's Vineet Nayyar got nearly Rs 182 crore as pay package in FY16

Tue, Jul 12, 2016

Tech Mahindra Vice Chairman Vineet Nayyar took home a total pay package of Rs 181.74 crore in 2015-16, largely on account of stock options encashed by him, making him one of the highest paid executives in India.

Tech Mahindra acquires UK-based BIO Agency to boost digital service portfolio

Tech Mahindra acquires UK-based BIO Agency to boost digital service portfolio

Wed, Jun 22, 2016

Tech Mahindra said the transaction is expected to close in the first week of July 2016.

We don't want to fight war on interest rates with banks: Paytm's Shinjini Kumar

We don't want to fight war on interest rates with banks: Paytm's Shinjini Kumar

Thu, Jun 09, 2016

Paytm payments bank's chief executive-designate Shinjini Kumar, who just joined the bank from consultancy major PwC, explained that it is "counter intuitive" for a payments bank to offer higher interest rates as it has restrictions on how it uses the deposits.

Nearly 30% of potential payments banks' players exit; Tech Mahindra latest to pull out

Nearly 30% of potential payments banks' players exit; Tech Mahindra latest to pull out

Wed, May 25, 2016

Tech Mahindra became the latest and the third payments bank contender to drop out of the race, the second one in less than a week. It was only a few days ago that Dilip Sanghvi dropped the idea of setting up the bank, in partnership with IDFC Bank and Telenor.

Tech Mahindra becomes third player to withdraw payments bank plan

Tech Mahindra becomes third player to withdraw payments bank plan

Tue, May 24, 2016

Alibaba-backed Paytm, Reliance Industries and Airtel would have been Tech Mahindra's major competitors.

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