Tech Mahindra Q3 FY24 Results Live : profit falls by 60.64% YOY
Tech Mahindra declared their Q3 FY24 results on 24 Jan, 2024. The topline decreased by 4.61% & the profit decreased by 60.64% YoY. As compared to the previous quarter, the revenue grew by 1.85% and the profit increased by 3.34%.
The Selling, general & administrative expenses rose by 1.47% q-o-q & increased by 5.03% Y-o-Y.
The operating income was up by 53.8% q-o-q & decreased by 57.29% Y-o-Y.
The EPS is ₹5.76 for Q3 FY24 which decreased by 60.66% Y-o-Y.
Tech Mahindra has delivered -2.44% return in the last 1 week, 20.2% return in the last 6 months, and 3.88% YTD return.
Currently, the Tech Mahindra has a market cap of ₹129055.7 Cr and 52wk high/low of ₹1416.3 & ₹981.05 respectively.
As of 27 Jan, 2024, out of 35 analysts covering the company, 2 analysts have given a Strong Sell rating, 11 analysts have given a Sell rating, 9 analysts have given a Hold rating, 8 analysts have given a Buy rating, and 5 analysts have given a Strong Buy rating.
The consensus recommendation as of 27 Jan, 2024, was to Hold.
Tech Mahindra Financials
| Period | Q3 FY24 | Q2 FY24 | Q-o-Q Growth | Q3 FY23 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 13101.3 | 12863.9 | +1.85% | 13734.6 | -4.61% |
| Selling/ General/ Admin Expenses Total | 7409.4 | 7302.2 | +1.47% | 7054.6 | +5.03% |
| Depreciation/ Amortization | 443.4 | 465.7 | -4.79% | 498.1 | -10.98% |
| Total Operating Expense | 12398.3 | 12406.8 | -0.07% | 12088.7 | +2.56% |
| Operating Income | 703 | 457.1 | +53.8% | 1645.9 | -57.29% |
| Net Income Before Taxes | 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% |
FAQs
What is the Q3 FY24 profit/Loss as per company?
₹510.4Cr
What is Q3 FY24 revenue?
₹13101.3Cr