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TechM profit down 41%; sees turnaround
The New Indian Express
|April 26, 2024
TECH Mahindra as CEO and MD Mohit Joshi on Thursday at a post-earnings analyst call laid down a three-year road map and said 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 ₹661 crore. Revenue stood at ₹12,871 crore, down 6.2% YoY.
Joshi, who was earlier with Infosys, joined Tech Mahindra last year, addressing media said FY25 will be a better year than the previous one.
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