{"id":837540,"date":"2024-07-26T10:01:09","date_gmt":"2024-07-26T04:31:09","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=837540"},"modified":"2024-07-26T10:01:09","modified_gmt":"2024-07-26T04:31:09","slug":"tech-mahindra-q1-profit-up-23-to-rs-851-crore-revenue-down","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/07\/26\/tech-mahindra-q1-profit-up-23-to-rs-851-crore-revenue-down\/","title":{"rendered":"Tech Mahindra Q1 profit up 23% to Rs 851 crore, revenue down"},"content":{"rendered":"<p>Tech Mahindra, the country&#8217;s fifth largest IT services firm, posted a 23% year-on-year increase in first-quarter net profit, driven by healthy margins and segmental growth.<\/p>\n<p>Net profit for the quarter ended June 30 rose to Rs 851.5 crore from Rs 692.5 crore a year earlier. Sequentially, profit grew 28.8% from Rs 661 crore in the three months ended March 31. The Pune-headquartered firm&#8217;s consolidated revenue from operations declined 1.2% on year to Rs 13,005.5 crore. Sequentially, revenue increased 1%.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tech Mahindra, the country&#8217;s fifth largest IT services firm, posted a 23% year-on-year increase in first-quarter net profit, driven by healthy margins and segmental growth. Net profit for the quarter ended June 30 rose to Rs 851.5 crore from Rs 692.5 crore a year earlier. Sequentially, profit grew 28.8% from Rs 661 crore in the three months ended March 31. The Pune-headquartered firm&#8217;s consolidated revenue from operations declined 1.2% on year to Rs 13,005.5 crore. Sequentially, revenue increased 1%.<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59,4,10],"tags":[],"class_list":["post-837540","post","type-post","status-publish","format-standard","hentry","category-it-2-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/837540","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\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=837540"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/837540\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=837540"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=837540"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=837540"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}