Tech Mahindra s profit dropped 39% in Q1. While it has been a challenging quarter, CP Gurnani, MD & CEO, remains optimistic and said there are "four facts" that will create better solutions: people investments, technology investments, deep customer relationships, and investment in communication and AI. Incoming CEO Mohit Joshi said the service lines were world-beating and added they will be developing a plan to address the challenging economic environment.
Tech Mahindra Q3 update: The IT company has reported an EBITDA (earnings before interest, tax, depreciation and amortisation) at ₹2,144 crore, up 8.1% QoQ and 4.1% on-year