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Decoding Tech Mahindra's Q1 Numbers; Profit Declines But Meets Estimates | CNBC TV18

375 views · Published 30 July 2018 · 13:38 · Indexed 21 September 2026

Channel: CNBC-TV18 · 2018 · News & Politics

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Tech Mahindra Ltd.’s profit met estimates even as it fell for the first time in five quarters. The software services provider reported a net profit of Rs 897.8 crore in the three months ended June, a 26 percent decline from the previous quarter, according to its exchange filing. That compares with the Bloomberg consensus estimate of Rs 896 crore. The company had reported a deferred tax gain of Rs 69.1 crore in the base quarter

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