Tech Mahindra Q2FY24 Results Analysis

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IT major Tech Mahindra reported a 61.1 percent year-on-year (YoY) fall in Q2FY24 consolidated net profit at ₹505.3 crore versus ₹1,299.2 crore. Sequentially, the net profit was down 28.18 percent. In Q1FY24,the net profit of the company was ₹703.60 crore.The consolidated revenue from operations for Q2FY24 came in at ₹12.86 crore,  compared to ₹13.12 crore year-on-year (YoY), registering a loss of 1.98 percent. On a quarter-on-quarter (QoQ) basis,  the revenue for operations was down 2.20 percent. It stood at ₹13.15 crore in Q1FY24.Watch Exclusive Chat on Q2 Results with Tech Mahindra's MD & CEO Designate Mohit Joshi and CFO Rohit Anand.
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