The company reported a net profit of Rs 983.2 crore as compared to Rs 1,250.1 crore in Q2 which implies a fall of 20.9 per cent quarter-on-quarter (Q-o-Q)

Tech Mahindra shares saw a 1.5% rise, reaching Rs 1,683 after the company reported a consolidated net profit growth of 93% for Q3FY25. Analysts from Nomura, Morgan Stanley, and Citi provided varying ratings and target prices,

For the October-December period, the company saw a 1.2% growth in constant currency revenue, slightly above CNBC-TV18's estimated growth range of 0-1%.

Sequentially, net profit declined 21.36 percent. The decline in profit is due to a higher base reported in previous quarter, that came from a one-time special income from sale of assets.

MUMBAI/BENGALURU (Reuters) -Indian software services provider Tech Mahindra reported lower-than-expected third-quarter revenue on Friday on weak demand in its mainstay telecom segment. The company's revenue rose 1.

In dollar terms, Tech Mahindra reported revenue of $1,567 million, which was down by 1.3% QoQ and 0.4% YoY. However, revenue grew by 1.2% QoQ and by 1.3% YoY in constant currency terms.

Tech Mahindra’s Q3 profit skyrocketed 92.63 per cent to Rs 983.2 crore in comparison to Rs 510.4 crore posted during the same period of previous financial year.

By Haripriya Suresh, Hritam Mukherjee and Sai Ishwarbharath B MUMBAI/BENGALURU (Reuters) -Indian software services provider Tech Mahindra's chief executive expects 2025 to be better than last year, after subdued demand in its mainstay telecom segment led to an earnings miss in the third quarter.

Mahindra Group-backed IT giant, Tech Mahindra is all set to announce Q3 results for FY25. The companys share price, however, traded on a bearish tone ahead of its earnings.