๐ Tech Mahindra Share Price Update ๐
๐ Tech Mahindra recently announced its fourth quarter results for 2024. The company has also declared a final dividend of 560%. However, the consolidated profit of the company in the fourth quarter fell below expectations. The company has faced disappointment on the earnings front in the quarter ending March as well. Earnings have decreased compared to the previous quarter.
๐ According to regulatory filings by Tech Mahindra, the company’s consolidated profit for the quarter ending in March increased from 510 crores to 661 crores. The company had expected to post a net profit of 690 crores for the quarter. The company’s revenue for the quarter decreased from 1,301 crores to 12,871 crores.
๐ The attrition rate at Tech Mahindra has decreased from 15% to 10% year-on-year. There was a 0.8% decrease in CC revenue in the January-March quarter. Trading profit for Tech Mahindra in the fourth quarter of the financial year 24 decreased from 703 crores to 639 crores.
๐ฐ Tech Mahindra’s trading price closed at 1,190.10 rupees with a 0.34% increase. The company’s 52-week high is 1,416 rupees and the low is 982.95 rupees. Investors have received a return of 19.52% on Tech Mahindra shares in the past year. The market cap of Tech Mahindra is 1.16 lakh crores.
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