{"id":837387,"date":"2024-07-26T09:10:34","date_gmt":"2024-07-26T03:40:34","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=837387"},"modified":"2024-07-26T09:11:51","modified_gmt":"2024-07-26T03:41:51","slug":"tech-mahindra-q1-results-net-profit-up-23-on-cost-action-still-a-miss","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/07\/26\/tech-mahindra-q1-results-net-profit-up-23-on-cost-action-still-a-miss\/","title":{"rendered":"Tech Mahindra Q1 results: Net profit up 23% on cost action; still a miss"},"content":{"rendered":"<p>India\u2019s fifth-largest IT services company Tech Mahindra on Thursday reported a 23 per cent year-on-year (Y-o-Y) jump in its net profit for the first quarter of 2024-25. Strong cost measures, along with a drop in subcontracting cost by almost 200 basis points, helped the company script a healthy profit margin of Rs 851 crore. <\/p>\n<p>Bloomberg had pencilled in Rs 873.6 crore net profit, a tad above what the IT firm delivered.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India\u2019s fifth-largest IT services company Tech Mahindra on Thursday reported a 23 per cent year-on-year (Y-o-Y) jump in its net profit for the first quarter of 2024-25. Strong cost measures, along with a drop in subcontracting cost by almost 200 basis points, helped the company script a healthy profit margin of Rs 851 crore. Bloomberg had pencilled in Rs 873.6 crore net profit, a tad above what the IT firm delivered.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[9,34,4],"tags":[],"class_list":["post-837387","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-it-2-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/837387","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=837387"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/837387\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=837387"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=837387"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=837387"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}