Tech Mahindra reported a 41% fall in net profit for the quarter ended March 2024. Net profit slipped to Rs 664.2 crore in the last quarter against Rs 1125 crore in the March 2023 quarter. Earnings per share of the IT firm slipped to Rs 7.48 in Q4 against Rs 12.67 in Q4 of FY23.
The change of guard at the top at Mahindra group IT services company Tech Mahindra is significant in more ways than one. Enter the new CEO & MD Mohit Joshi, an Infosys veteran, and winds of change are already blowing across Tech Mahindra’s corridors. In BT's latest issue, Joshi spells out his growth strategy for Tech Mahindra. Plus, a ground report on the state of India’s micro, small and medium enterprises (MSMEs) and the problems and obstacles they continue to face. All this and more in BT's latest issue. Out on stands now