At 9:30 am, Tech Mahindra shares were trading lower by 0.76 per cent on the BSETech Mahindra shares edged lower in early trading after the software services company reported a 17.4 percent slide in combined revenue for the quarter ended March 2021.
At 9:30 am, the shares of Tech Mahindra were trading at Rs 955.85, lower by 0.76 per cent, on the BSE.Tech Mahindra reported a 17.4 percent slide in combined profit to Rs 1,081.4 crore for the quarter ended March 2021.
The profit in the previous quarter was Rs 1,309.8 crore.
Consolidated profits for the quarter stood at Rs 9,729.9 crore, a growth of 0.9 per cent over Rs 9,647.1 crore in the December quarter.The business's IT services company registered a 1 per cent consecutive development in earnings at Rs 8,673 crore throughout the quarter, however the BPO section profits was almost flat at Rs 1,056.9 crore.The BSE Sensex was at 748,532.55, greater by 152.12 points or 0.3 per cent and the NSE Nifty was at 14,534.70, up 49.80 points or 0.34 per cent.