Tech Mahindra Q1 Results: Net profit drops 38% to ₹692.3 cr, revenue up 3.5%
1 year, 5 months ago

Tech Mahindra Q1 Results: Net profit drops 38% to ₹692.3 cr, revenue up 3.5%

Live Mint  

Tech Mahindra Q1 Results: Tech Mahindra announced its April-June quarter results for fiscal 2023-24 on July 26, reporting a decline of 38 per cent in consolidated net profit at ₹692.5 crore, compared to ₹1,131 crore in the year-ago period. The IT major's consolidated revenue from operations during the first quarter of current fiscal stood at ₹13,159 crore, reporting a rise of 3.5 per cent, compared to ₹12,707 crore in the year-ago period. On the operating front, the company's earnings before interest, taxes, depreciation, and amortization in the June quarter declined 28.8 per cent year-on-year to ₹1,338 crore, while earnings per share stood at ₹7.82. The revenue from manufacturing and technology rose 8.6 per cent and 8 per cent year-on-year, respectively for the first quarter.

Tech Crore Cent Quarter Tech Mahindra  yearonyear  fiscal  q1  profit  net  cr  6923  cent  tech  quarter  stood  crore  mahindra  drops  compared  revenue  companys  results

History of this topic

Mahindra to Ramp Up Thar Production, Net Profit Up 13% to Rs 3,841 Crore
Trending News
2 months ago

Mahindra to Ramp Up Thar Production, Net Profit Up 13% to Rs 3,841 Crore

Deccan Chronicle  

Pune: Mahindra & Mahindra, the SUV specialist, on Thursday said it is confident of doing better than the industry growth rate, and emphasized its earlier sales growth target of mid to high teens during the media interaction with journalists after the September quarter results on November 7. "Our SUV sales volumes increased by 18 per cent YoY, maintaining leadership in …

Mahindra & Mahindra Q2 net profit rises 35% to ₹3,171 crore
2 months ago

Mahindra & Mahindra Q2 net profit rises 35% to ₹3,171 crore

The Hindu  

Mahindra & Mahindra Ltd reported 35% growth in consolidated net profit at ₹3,171 crore for the second quarter ended September 30, 2024, as compared with ₹2,348 crore in the year-ago period due to strong performance of all its businesses. Services business delivered 1.8 times net profit as compared to the year ago period, the company said. The auto business reported …

M&M Q2 results: Net profit rises 35% to ₹3,171 crore, revenue up 10% YoY
2 months ago

M&M Q2 results: Net profit rises 35% to ₹3,171 crore, revenue up 10% YoY

Live Mint  

Mahindra & Mahindra Ltd on Thursday, November 7 reported a 35% year-on-year jump in its consolidated net profit to ₹3,171 crore for the second quarter of FY25. Meanwhile, the auto major's consolidated revenue from operations grew 10% YoY to ₹37,689 crore in Q2 FY24 from ₹34,281 crore in Q2 FY24. Automobile Segment Mahindra’s Auto segment revenue in Q2 FY25 grew …

Timken India Q2 Results Live: Profit Falls by 3.33% YoY
2 months ago

Timken India Q2 Results Live: Profit Falls by 3.33% YoY

Live Mint  

Timken India Q2 Results Live : Timken India declared their Q2 results on 05 Nov, 2024, reporting a 10.4% increase in topline revenue year-on-year, despite a 3.33% decline in profit during the same period. Despite the quarterly challenges, Timken India has shown some resilience, delivering a 3.8% return over the last week, a 0.79% return over the past six months, …

Tech Mahindra's Transformation: A Gradual Rise, But Challenges Remain
2 months, 3 weeks ago

Tech Mahindra's Transformation: A Gradual Rise, But Challenges Remain

Live Mint  

Tech Mahindra's Q2FY25 performance shows a gradual revival, with key verticals like communication, hi-tech, and BFSI seeing positive growth. However, concerns remain about near-term headwinds, including the US telecom market's sluggish growth and the overall macro environment's softness. The company's valuation is expensive, trading at 26 times estimated FY26 earnings, which is in line with its larger competitors. The stock's …

Tech Mahindra net profit up 23% to Rs 851 cr; revenue from ops down 1.2% at Rs 13,159 cr
5 months, 2 weeks ago

Tech Mahindra net profit up 23% to Rs 851 cr; revenue from ops down 1.2% at Rs 13,159 cr

New Indian Express  

BENGALURU: Tech Mahindra on Thursday reported a 23% increase in its consolidated net profit at Rs 851.5 crore for the June quarter as against Rs 692.5 crore in the year-ago period. The company’s revenue from operations in the quarter stood at Rs 13,005 crore, down 1.2% YoY, compared to Rs 13,159 crore in the same quarter last year. Mohit Joshi, …

TCS Q1 Results Beat Estimates: Net Profit Up 9% to Rs 12,040 Crore, Rs 10 Dividend Declared
6 months ago

TCS Q1 Results Beat Estimates: Net Profit Up 9% to Rs 12,040 Crore, Rs 10 Dividend Declared

News 18  

Tata Consultancy Services, India’s largest IT services company, on Thursday reported a 9 per cent rise year-on-year in its consolidated net profit to Rs 12,040 crore for first quarter of the financial year 2024-25 ended June 30. “We would like to inform you that at the Board Meeting held today, the Directors have declared an interim dividend of ₹ 10 …

Mahindra & Mahindra records sharpest intraday fall in 28 months, plunges over 7%
6 months ago

Mahindra & Mahindra records sharpest intraday fall in 28 months, plunges over 7%

Hindustan Times  

Shares of Mahindra and Mahindra fell 7.3 per cent to ₹2,711.75 on the BSE today. With this, the stock of the automobile company recorded its sharpest intraday fall in the past 28 months. In past eight months, the stock M&M has appreciated by 92 per cent and in the current calendar year 2024, it has rallied 70 per cent. Mahindra …

Tata Tech share price plunge 5% on muted Q4 results: Details
8 months ago

Tata Tech share price plunge 5% on muted Q4 results: Details

Hindustan Times  

Tata Tech share price: Shares of Tata Technologies fell 5 percent today after the company posted weak results for the January-March quarter. Tata Tech share price: Brokerage JM Financial said Tata Tech's management indicated that some residual draw-down in the Vinfast account will continue in Q1FY25 as well. Tata Tech Q4 results Tata Tech's net profit for the March quarter …

Here’s Why Analysts Are Bullish On This Mahindra Group Stock After Q4 Results
8 months ago

Here’s Why Analysts Are Bullish On This Mahindra Group Stock After Q4 Results

News 18  

Brokerage firms are bullish on Tech Mahindra’s stock and have upgraded their ratings for the shares after the company released its results for the fourth quarter of FY24. Post the January-March quarter results, the number of ‘buy’ recommendations for Tech Mahindra stock has risen from 14 to 21. The IT firm’s consolidated revenue from operations dropped 6.2 per cent year-on-year …

Tech Mahindra’s strategy gives hope, but watch out for risks along the way
8 months, 2 weeks ago

Tech Mahindra’s strategy gives hope, but watch out for risks along the way

Live Mint  

Tech Mahindra Ltd has set its sights on the future amid the difficult demand conditions facing Indian information technology companies. To achieve its objectives, Tech Mahindra will take several steps, including scaling up capabilities in key markets and service lines, focusing on top accounts, and implementing a cost-optimization programme named Project Fortius, which is expected to yield an average benefit …

Tech Mahindra profit down 41%; sees turnaround
8 months, 2 weeks ago

Tech Mahindra profit down 41%; sees turnaround

New Indian Express  

BENGALURU: Tech Mahindra CEO and MD Mohit Joshi on Thursday at a post-earnings analyst call laid down a three-year road map and said FY25 will be a 'turaround phase', FY26 will be ‘stabilisation phase’ and FY27 will be ‘Reaping returns’. Tech Mahindra on Thursday posted a 41% YoY fall in its net profit for the March quarter at Rs 661 …

Cellecor Gadgets Limited Declares Path-Breaking Results for the Financial Year 2023-2024
8 months, 2 weeks ago

Cellecor Gadgets Limited Declares Path-Breaking Results for the Financial Year 2023-2024

ABP News  

New Delhi, April 25: Cellecor Gadgets Limited, a leading player in the budget-friendly electronics industry, is on a remarkable growth trajectory as it expands its operations, distribution networks, and product ranges. For FY24 compared to the corresponding FY23, the company reported: Total Revenue at INR 500.52 Crore v/s INR 264.35 Crore EBITDA at INR 29.65 Crore v/s INR 12.57 Crore …

Q4 results today: Tech Mahindra, Bajaj Finance, Mphasis, ACC, Nestle, and others to report Q4 results today; check list
8 months, 2 weeks ago

Q4 results today: Tech Mahindra, Bajaj Finance, Mphasis, ACC, Nestle, and others to report Q4 results today; check list

Hindustan Times  

Q4 results today: The results season is in full swing and a huge number of companies are all set to declare their fourth quarterly results today. Tech Mahindra, Bajaj Finance, Indusind Bank, Nestle, ACC, Mphasis, Coromandel International, Laurus Labs, Cyient, and many others will announce their Q4 results today, April 25. Tech Mahindra, Bajaj Finance, Mphasis, ACC to Nestle and …

Tech Mahindra's 3-year roadmap: CEO says FY25 will be turnaround phase
8 months, 2 weeks ago

Tech Mahindra's 3-year roadmap: CEO says FY25 will be turnaround phase

New Indian Express  

BENGALURU: Financial Year 2025 will be a 'turnaround phase' for Tech Mahindra as CEO and MD Mohit Joshi on Thursday at a post-earnings analyst call laid down a three-year roadmap and said FY26 will be 'stabilisation phase' and FY27 will be ‘Reaping returns’. Joshi, who was earlier with Infosys, joined Tech Mahindra last year, and addressing a media conference here …

M&M Q3: Automaker Logs Net Profit Growth Of 34 Per Cent On Strong Sales
10 months, 3 weeks ago

M&M Q3: Automaker Logs Net Profit Growth Of 34 Per Cent On Strong Sales

ABP News  

Automaker Mahindra & Mahindra clocked a 34 per cent jump in its consolidated profit on a year-on-year basis in its third quarter earnings on Wednesday. The vehicle sales of the firm grew 20 per cent to 2,11,443 units sold in the October-December quarter in the current fiscal year, against 1,76,094 units sold in the corresponding quarter a year earlier. At …

Stocks to Watch: Adani Group, Mahindra & Mahindra, Zee, Hindalco, BHEL
10 months, 4 weeks ago

Stocks to Watch: Adani Group, Mahindra & Mahindra, Zee, Hindalco, BHEL

Live Mint  

Adani Group: US-headquartered ratings firm Moody's upgraded the ratings of two green energy firms and two electricity generation and distribution firms of the Adani Group following improved financials, timely debt repayments and a capital infusion by the group over the past year. On Tuesday, Moody's upgraded the ratings of four Adani firms to stable — Adani Green Energy Ltd, Adani …

Mahindra Q3 profit after tax up 34%
10 months, 4 weeks ago

Mahindra Q3 profit after tax up 34%

New Indian Express  

MUMBAI: Mahindra & Mahindra on Wednesday reported a 34 per cent increase in its consolidated profit after tax at Rs 2,658 crore for the third quarter ended December 31, 2023, driven by robust sales across verticals. The auto major had reported a profit after tax of Rs 1,984 crore for the October-December quarter of the last financial year. Revenue increased …

Mahindra & Mahindra Q3 net profit surges 60 per cent YoY to Rs 2,454 crore, revenue rises 16 per cent
10 months, 4 weeks ago

Mahindra & Mahindra Q3 net profit surges 60 per cent YoY to Rs 2,454 crore, revenue rises 16 per cent

India TV News  

Mahindra & Mahindra, the manufacturer of the 'Scorpio' SUV, reported a smaller-than-expected increase in third-quarter profit on Wednesday. The standalone profit after tax for Mahindra & Mahindra rose by 60.6 per cent to Rs 2,454 crore in the three months ending December 31. Farm has gained market share despite tough market conditions," M&M Managing Director & CEO Anish Shah said. …

Delhivery Q3 results: Logistics firm turns profitable, revenue jumps 20% YoY
11 months, 1 week ago

Delhivery Q3 results: Logistics firm turns profitable, revenue jumps 20% YoY

Live Mint  

Delhivery Q3 results: Logistics company Delhivery reported a net profit of ₹11.7 crore in the October- December 2023 quarter. The company's consolidated net revenue increased by 13% QoQ to ₹2,194 crore against ₹1,941 crore in the previous quarter. Its net consolidated revenue increased 20.32% YoY against ₹1,823 crore in the year-ago period. The revenue of the logistics company increased by …

Mahindra Finance’s Q3 net profit declines 12% to ₹553 crore
11 months, 1 week ago

Mahindra Finance’s Q3 net profit declines 12% to ₹553 crore

Live Mint  

Mumbai: Mahindra Finance, a non-banking lender focused on auto finance, on Tuesday reported a 12 per cent decline in standalone net profit to ₹553 crore for the December quarter. On a consolidated basis, the company's net income declined 6 per cent to ₹623 crore from ₹664 crore and the total income rose 23 per cent to ₹4,137 crore. Adjusted for …

Tech Mahindra profit falls 61% to Rs 510 crore
11 months, 2 weeks ago

Tech Mahindra profit falls 61% to Rs 510 crore

New Indian Express  

BENGALURU: IT major Tech Mahindra on Wednesday reported a 60.6% year-on-year fall in net profit at Rs 510 crore in the December quarter compared to Rs 1,296.6 crore in the year-ago period. Mohit Joshi, MD and CEO, Tech Mahindra, said, “The quarter was a mixed outcome, with growth in the Manufacturing and Healthcare segments but muted spending in areas like …

Kotak Mahindra Bank Q3 results: Net profit rises 6.75% to ₹4,265 cr
11 months, 3 weeks ago

Kotak Mahindra Bank Q3 results: Net profit rises 6.75% to ₹4,265 cr

Hindustan Times  

Kotak Mahindra Bank on Saturday reported a 6.75 per cent growth in consolidated net profit to ₹4,264.78 crore in the December quarter. On a standalone basis, the private sector lender's profit after tax rose to ₹3,005.01 crore from ₹2,791.88 crore in the year-ago period, but was lower than the preceding September quarter's ₹3,190.97 crore. Its total income rose to ₹14,096 …

Q3 results: Top 4 Indian IT companies balance caution and optimism
11 months, 4 weeks ago

Q3 results: Top 4 Indian IT companies balance caution and optimism

Business Standard  

The third-quarter earnings of the top four Indian IT companies indicate that the demand environment continues to be challenging amid some cautious optimism for the future. Thierry Delaporte, chief executive officer and managing director, Wipro, said during the earnings: “We are starting to see healthy indicators of growth.” Wipro has forecast a muted sequential revenue growth rate of minus 1.5 …

BEL Q2FY24 results: Net profit jumps 32.9% YoY, total income rises 3.55%
1 year, 2 months ago

BEL Q2FY24 results: Net profit jumps 32.9% YoY, total income rises 3.55%

Live Mint  

Q2 results today: Beating the market edstimates, Governmetn of India -owned Bharat Electronics Ltd has declared its second quarter results on Saturday. The state-owned defence company reported standalone net profit of ₹812.34 crore during Q2FY24, logging year-on-year jump 32.9 per cent against the net profit of the company in corresponding period in previous financial year. In April to June 2023 …

TechM profit drops in worst quarter in 5 yrs
1 year, 2 months ago

TechM profit drops in worst quarter in 5 yrs

Live Mint  

New Delhi: Tech Mahindra, the last of the six large-cap companies in the domestic information technology services industry to announce earnings this quarter, posted a staggering 62% drop in net profit in the September quarter, rounding off what was one of the worst quarters for this industry in the past five years, barring the covid-disrupted period. Tech Mahindra’s operating margin …

Q2 results today: Tech Mahindra, Axis Bk, Jubilant Food, others to post earnings
1 year, 2 months ago

Q2 results today: Tech Mahindra, Axis Bk, Jubilant Food, others to post earnings

Live Mint  

Q2 results today: This week, numerous companies are scheduled to release their Q2FY24 scorecards. Investors are focused on major players like Tech Mahindra Ltd, Axis Bank Ltd, Jubilant Foodworks Ltd, Welspun India Ltd, Network18 Media & Investments Ltd, and Indus Towers Ltd. "Exciting news! Axis Bank The private sector lender is expected to report decent profit growth with a rise …

Tech Mahindra Q2 Preview: Expect muted set of numbers; Key factors to look out
1 year, 2 months ago

Tech Mahindra Q2 Preview: Expect muted set of numbers; Key factors to look out

Live Mint  

Tech Mahindra Q2 Preview: Pune-based IT major, Tech Mahindra Ltd, will report its Q2 results on Wednesday, October 25. "While the industry has witnessed an uptick in order inflow over the past two months with a focus on cost efficiency, the slowdown in project-based business is expected to hamper overall industry growth," said brokerage Motilal Oswal Financial Services in its …

Mahindra Logistics Q2 Results: Net loss at ₹15 crore, revenue up 2.9%
1 year, 2 months ago

Mahindra Logistics Q2 Results: Net loss at ₹15 crore, revenue up 2.9%

Live Mint  

Mahindra Logistics on 23 October announced their quarterly results for September of FY 2023-24 and said that the firm attained a loss of ₹15.5 crore against the profit of ₹11.9 crore achieved in the same period in FY 2022-23. Though the revenue was up 2.9 percent at ₹1,364.8 crore in Q2FY24 in comparison to ₹1,326.3 crore in the same period …

Tech Mahindra’s turnaround in the offing; ICICI Securities upgrades stock to Buy
1 year, 3 months ago

Tech Mahindra’s turnaround in the offing; ICICI Securities upgrades stock to Buy

Live Mint  

Tech Mahindra share price gained over a percent to hite a fresh 52-high of ₹1,310.80 apiece on the BSE Friday. Brokerage firm ICICI Securities has upgraded its rating on Tech Mahindra to ‘Buy’ from ‘Sell’ and has increased its target price on the stock to ₹1,552 per share from ₹910 earlier. “We believe, EBIT margin improvement is a low hanging …

Buy TCS, Infosys; Sell Wipro, Tech Mahindra: Goldman Sachs recommends
1 year, 4 months ago

Buy TCS, Infosys; Sell Wipro, Tech Mahindra: Goldman Sachs recommends

Live Mint  

Goldman Sachs has initiated coverage on six Indian Information Technology services companies and expects the sector to see growth amid tailwinds from Generative AI and pent-up demand. While our overall sector revenue growth is in line with consensus, we see company specific divergence, and are ahead of consensus on Infosys and TCS,” Goldman Sachs said in a note. TCS is …

PB Fintech Q1 Results: Net loss narrows 94% YoY to ₹11.9 crore, revenue up 39%
1 year, 5 months ago

PB Fintech Q1 Results: Net loss narrows 94% YoY to ₹11.9 crore, revenue up 39%

Live Mint  

PB Fintech released their April to June quarter results on Monday and posted a net consolidated loss of ₹11.9 crore which was 94% lower year-on-year from net loss of ₹204 crore reported during the corresponding quarter previous fiscal. The total revenue of the company jumped 39% YoY, while the operating revenue jumped 32% to ₹666 crore during the Q1FY24 from …

Mahindra Q1 results: Net profit rises 98%, revenue jumps 23%
1 year, 5 months ago

Mahindra Q1 results: Net profit rises 98%, revenue jumps 23%

India Today  

Homegrown auto major Mahindra & Mahindra today reported a growth of 98% year-on-year in standalone net profit at Rs 2,774 crore for the quarter ended June 2023 owing to handsome volumes in both auto and farm sectors. Category Q1 FY24 Q1 FY23 Growth Revenue from operations Rs 24,368 cr Rs 19,813 cr 23% Ebitda Rs 3,547 cr Rs 2,422 cr …

Tech Mahindra Q1 Results: Headcount plunges 9% by 4,103 in June quarter
1 year, 5 months ago

Tech Mahindra Q1 Results: Headcount plunges 9% by 4,103 in June quarter

Live Mint  

Tech Mahindra announced the June quarter results on Wednesday and reported a 13 percent IT attrition rate for Q1FY24, a 9 percent increase from 22 percent in the corresponding quarter of last year. On a QoQ basis, the attrition rate dropped to 13 percent from 15 percent and since the first quarter of fiscal year 2023, the IT major has …

Tech Mahindra Q1 Results: Five key takeaways from IT major’s earnings
1 year, 5 months ago

Tech Mahindra Q1 Results: Five key takeaways from IT major’s earnings

Live Mint  

Tech Mahindra's Q1FY24 numbers came weak on expected lines. Here are five key highlights from Tech Mahindra's Q1 results: Subdued key numbers The company said its revenue for Q1FY24 fell 4.1 per cent quarter-on-quarter but rose 3.5 per cent year-on-year to ₹13,159 crore. Tech Mahindra's EBITDA for Q1FY24 came at ₹1,338 crore, down 33.8 per cent QoQ and 28.8 per …

Bajaj Auto Q1 Results: Net profit rises 42% on year to ₹1,664.77 crore
1 year, 5 months ago

Bajaj Auto Q1 Results: Net profit rises 42% on year to ₹1,664.77 crore

Live Mint  

Bajaj Auto Ltd on Tuesday reported an 42% year-on-year rise in its net profit for the fiscal's first quarter ended June to ₹1,664.77 crore. The company's total revenue from operations rose nearly 29% on year to ₹10,309.77 crores during the quarter ended June from ₹8,004.97 crore in Q1FY23. All businesses contributing to the solid delivery - robust double digit motorcycle …

CMS Info Systems Q1 Results: Net profit grows by 22% to ₹87 crore
1 year, 5 months ago

CMS Info Systems Q1 Results: Net profit grows by 22% to ₹87 crore

Live Mint  

CMS Info Systems released its Q1 results on 21 July and reported a 22 per cent growth in net income to ₹87 crore for the June 2023 quarter on higher revenue, the firm said in a stock regulatory filing. Apart from this, the firm said the cash logistics business' revenue rose 12 percent to ₹351 crore and gave an operating …

Infosys Q1 Results: FY24 revenue guidance sharply trimmed to 1-3.5% from 4-7%
1 year, 5 months ago

Infosys Q1 Results: FY24 revenue guidance sharply trimmed to 1-3.5% from 4-7%

Live Mint  

India’s second-largest information technology company Infosys Ltd announced its April-June quarter results for fiscal 2023-24 on July 20, sharply trimming its revenue guidance to 1-3.5 per cent for FY24 from 4-7 per cent amid an increasingly challenging demand environment. Infosys reported a rise of 11 per cent in net profit to ₹5,945 crore, compared to ₹5,360 crore in the corresponding …

TCS Q1 Results: Net profit jumps 16% on year to ₹11,074 cr; declares dividend
1 year, 5 months ago

TCS Q1 Results: Net profit jumps 16% on year to ₹11,074 cr; declares dividend

Live Mint  

Information Technology services major, Tata Consultancy Services Ltd on Wednesday reported an 16.84% year-on-year rise in its consolidated net profit for the fiscal's first quarter ended June to ₹11,074 crore. The IT company's consolidated revenue from operations stood at ₹59,381 crores during the quarter ended June from ₹52,758 crore in Q1FY23. The company's consolidated total income for the quarter ended …

Tech Mahindra’s CEO takes 50% pay cut in FY 2023. This is how much he earned..
1 year, 6 months ago

Tech Mahindra’s CEO takes 50% pay cut in FY 2023. This is how much he earned..

Live Mint  

CP Gurnani, the chief executive of the prominent technology conglomerate Tech Mahindra, has recently experienced a decrease in his annual compensation, according to a recent report. Based on Tech Mahindra's annual report, CP Gurnani, the CEO of the company, saw a significant decline in his earnings for the fiscal year 2023 compared to the previous year. The report indicates that …

Mahindra and Mahindra share price jumps 5% after Q4 numbers; should you buy?
1 year, 7 months ago

Mahindra and Mahindra share price jumps 5% after Q4 numbers; should you buy?

Live Mint  

Mahindra and Mahindra share price rose over 5 per cent in early deals on Monday boosted by the company's healthy March quarter earnings. It also maintained a buy call on the stock with a target price of ₹1,470, slightly raising it from the earlier target price of ₹1,430, building in revenue and core earnings CAGR of 12 per cent and …

Mahindra Group stock declares ₹92 per share dividend, 60% profit growth in Q4
1 year, 8 months ago

Mahindra Group stock declares ₹92 per share dividend, 60% profit growth in Q4

Live Mint  

Swaraj Engines is a small cap Mahindra group company recorded a market cap of ₹2,112.84 Cr during today's closing. “The Board, while approving the annual accounts, has recommended an equity dividend of 920% for the financial year ended 31st March, 2023,” said Swaraj Engines in a stock exchange filing. Owing to the capacity enhancement, Swaraj Engines said in a stock …

Tech Mahindra records 26% drop in Q4 PAT to ₹1,118 cr, declares dividend
1 year, 8 months ago

Tech Mahindra records 26% drop in Q4 PAT to ₹1,118 cr, declares dividend

Live Mint  

Tech Mahindra missed street's estimates as the company's bottom-line recorded double-digit decline in the fourth quarter of FY23. Tech Mahindra has declared a final dividend of ₹32 per share for fiscal year ended March 31, 2023. Further, consolidated EBITDA stood at ₹2,021 crore -- recording a drop of 5.7% QoQ, and 3.2% YoY In the top-line front, consolidated revenue from …

Macrotech Developers Q4 earnings: PAT up 38% YoY, Board declares 1:1 bonus issue and dividend of 20%
1 year, 8 months ago

Macrotech Developers Q4 earnings: PAT up 38% YoY, Board declares 1:1 bonus issue and dividend of 20%

Live Mint  

Macrotech Developers is a large cap company recorded a market cap of ₹43,744.02 Cr during Friday closing. The company said in a stock exchange filing that its Board of Directors have approved “Issuance of bonus equity shares in the proportion of 1 new fully paid up equity share of ₹10 each for every existing 1 equity share of ₹10 each …

Mahindra net profit jumps 14% to Rs 1,528 crore
1 year, 11 months ago

Mahindra net profit jumps 14% to Rs 1,528 crore

Deccan Chronicle  

Pune: Mahindra and Mahindra, the SUV specialist and tractor maker, on Friday reported a 13.5 per cent jump in its standalone net profit at Rs 1,528 crore during the December quarter, up from Rs 1,335 crore in the same quarter of the previous fiscal. The Mumbai-based automaker’s revenue from operations was up 41 per cent at Rs 21,654 crore from …

Delhivery Q3 earnings: Loss widens to ₹196 crore on-year basis, revenue falls
1 year, 11 months ago

Delhivery Q3 earnings: Loss widens to ₹196 crore on-year basis, revenue falls

Live Mint  

Logistics company Delhivery announced its third quarter earnings today. The company widened its consolidated loss for the quarter ended December 31, 2022 to ₹195.7 crore in the third quarter of the financial year 2023 compared to ₹126.5 crore during the same period last year. Total income also came in lower at ₹1,918 crore for the third quarter of financial year …

Mahindra & Mahindra Q3 Results: PAT Rises 14 Per Cent To Rs 1,528 Crore On Robust Sales
1 year, 11 months ago

Mahindra & Mahindra Q3 Results: PAT Rises 14 Per Cent To Rs 1,528 Crore On Robust Sales

ABP News  

Mahindra & Mahindra on Friday logged a 14 per cent rise in its profit after tax to Rs 1,528 crore for the third quarter ended December 2022, driven by robust sales. M&M revenue surged 41 per cent to Rs 21,654 crore for the third quarter compared to Rs 15,349 crore in the year-ago period. Tractor sales rose 14 per cent …

Kotak Mahindra Bank Q3 profit jumps 31% to ₹2,792 crore
1 year, 11 months ago

Kotak Mahindra Bank Q3 profit jumps 31% to ₹2,792 crore

Hindustan Times  

Private sector Kotak Mahindra Bank on Saturday reported a 31 per cent jump in its standalone profit at ₹2,792 in the quarter ended December 2022 aided by improvement in net interest income. The bank's total income increased to ₹11,099 crore in the latest December quarter from ₹8,260 crore in the year-ago period, the bank said in a regulatory filing. Net …

Anand Mahindra hails PLI scheme as India produces worth ₹2.75 lakh cr mobiles
2 years, 2 months ago

Anand Mahindra hails PLI scheme as India produces worth ₹2.75 lakh cr mobiles

Live Mint  

Mahindra Group Chairman Anand Mahindra lauded the success of the PLI scheme for mobile phones. As per Mahindra's post, India produced worth ₹2.75 lakh crore mobile phones in 2021-22 which in 2016-17 stood at ₹90,000 crore. Sharing the success of India's mobile manufacturing capacity and the rise in export, Anand Mahindra wrote, "Pause & absorb what is essentially a peek …

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