Mumbai, October 26 2023.
Tech Mahindra Ltd., a specialist in digital transformation, consulting and business re-engineering services today announced the audited consolidated financial results for its quarterended September 30th, 2023.
|Financial highlights for the quarter (USD)|
|Financial highlights for the quarter (₹)|
|₹ 12,864 crores; down 2.2% QoQ, down 2.0% YoY₹ 1,072 crores; down 19.9% QoQ, down 46.0% YoY₹ 494 crores; down 28.7% QoQ, down 61.6% YoY|
CP Gurnani, Managing Director & Chief Executive Officer, Tech Mahindra,said,
“The year is being characterized by a challenging demand environment and prolonged macro uncertainties calling for a very tactical approach. We have doubled down our strategy of working closely with clients, helping them to streamline and modernize operations as they reprioritize their resources.”
Rohit Anand, Chief Financial Officer, Tech Mahindra, said,
“We have taken actions to reduce the exposure to non-core areas of business. These actions will, over time, help us improve our financial performance and enable long term sustainable growth. A consistent dividend payout reinforces our commitment towards creating value for our shareholders.”