Tech Mahindra announced its third quarter fiscal 2024 financial results on January 24, 2024. Sales decreased by 4.61% and profit decreased by 60.64% from the previous year. Compared to the previous quarter, revenue increased by 1.85% and profit increased by 3.34%.
Selling, general and administrative expenses increased 1.47% year on year and 5.03% year on year.
Operating income increased 53.8% year on year and decreased 57.29% year on year.
EPS is INR5.76 in Q3 FY24, a decrease of 60.66% year-on-year.
Tech Mahindra has returned -2.44% over the past week, 20.2% over the past 6 months, and 3.88% year-to-date.
Currently, Tech Mahindra's market capitalization is INR129055.7 Cr and 52 week highs/lows INR1416.3& INR981.05 each.
As of January 27, 2024, of the 35 analysts covering the company, 2 have a “strong” or “sell” rating, 11 have a “sell” rating, and 9 have a “hold” rating. , 8 people have given it a “buy” rating, and 5 people have given it a “buy” rating. Analysts give it a “strong buy” rating.
As of January 27, 2024, the consensus recommendation was pending.
Tech Mahindra Financials
| period | 3rd quarter of 2024 | 2nd quarter of 2024 | QoQ growth | 3rd quarter of 2023 | YoY growth rate |
|---|---|---|---|---|---|
| total income | 13101.3 | 12863.9 | +1.85% | 13734.6 | -4.61% |
| Total selling, general and administrative expenses | 7409.4 | 7302.2 | +1.47% | 7054.6 | +5.03% |
| Depreciation and amortization expenses | 443.4 | 465.7 | -4.79% | 498.1 | -10.98% |
| total operating expenses | 12398.3 | 12406.8 | -0.07% | 12088.7 | +2.56% |
| Operating income | 703 | 457.1 | +53.8% | 1645.9 | -57.29% |
| Net income before tax | 678.8 | 615.3 | +10.32% | 1771.2 | -61.68% |
| Net income | 510.4 | 493.9 | +3.34% | 1296.6 | -60.64% |
| Diluted normalized EPS | 5.76 | 6.95 | -17.18% | 14.64 | -60.66% |
FAQ
Question: What is the profit and loss for each company in the third quarter of 2024?
Answer : ₹510.4Cr
Question: What are the revenues for the third quarter of 2024?
Answer: ₹13101.3Cr
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