Analysts, on average, expected a profit of 6.17 billion rupees, according to LSEG data.
($1 = 83.1110 Indian rupees)
(Reporting by Haripriya Suresh; Editing by Sohini Goswami)
Market Closed -
Other stock markets
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5-day change | 1st Jan Change | ||
1,516 INR | +1.14% |
|
+3.44% | +19.14% |
Jul. 02 | Nomura Adjusts Tech Mahindra's Price Target to INR1,600 From INR1,350, Keeps at Buy | MT |
Jul. 01 | Gains in IT, Auto Stocks Aid Indian Equities to End Higher | MT |
(Reuters) - India's Tech Mahindra posted a 60.6% drop in third-quarter net profit on Wednesday, missing estimates amid persistent weakness in the company's communications vertical.The fifth-largest Indian IT services company's net profit fell to 5.10 billion rupees ($61.36 million) for the three months ended Dec. 31, 2023, from 12.97 billion rupees a year earlier.
Analysts, on average, expected a profit of 6.17 billion rupees, according to LSEG data.
($1 = 83.1110 Indian rupees)
(Reporting by Haripriya Suresh; Editing by Sohini Goswami)
Price
|
Change
|
5d. change
|
Capi.
| ||
---|---|---|---|---|---|
2,915 PTS | +0.37% | +0.21% | - | ||
1,516 INR | +1.14% | +3.44% | 16.03B | ||
1st Jan change | Capi. | |
---|---|---|
+19.14% | 16.03B | |
-7.05% | 204B | |
+10.15% | 181B | |
+14.19% | 171B | |
+7.09% | 101B | |
+38.61% | 89.81B | |
+12.28% | 85.57B | |
+11.87% | 85.54B | |
+7.06% | 50.83B | |
-32.83% | 45.61B |