<p>Mumbai: Tech Mahindra on Wednesday reported a 60 per cent decline in net profit at Rs 510.4 crore in the three months ended December 2023.</p><p>The Mahindra group company had reported a net profit of Rs 1,296.6 crore in the year-ago period while the same was at Rs 493.9 crore in the quarter-ago period.</p>.Tech Mahindra announces global crowdsourcing platform. <p>Its overall revenue from operations declined 4.6 per cent to Rs 13,101 crore in the third quarter of the current financial year from Rs 13,734 crore in the same period a year ago. There was a sharp decline in the operating profit, with the margin narrowing to 5.4 per cent from the 12 per cent in the year-ago period.</p><p>Shares of the company closed 3.09 per cent up at Rs 1,407.75 apiece on the BSE.</p>
<p>Mumbai: Tech Mahindra on Wednesday reported a 60 per cent decline in net profit at Rs 510.4 crore in the three months ended December 2023.</p><p>The Mahindra group company had reported a net profit of Rs 1,296.6 crore in the year-ago period while the same was at Rs 493.9 crore in the quarter-ago period.</p>.Tech Mahindra announces global crowdsourcing platform. <p>Its overall revenue from operations declined 4.6 per cent to Rs 13,101 crore in the third quarter of the current financial year from Rs 13,734 crore in the same period a year ago. There was a sharp decline in the operating profit, with the margin narrowing to 5.4 per cent from the 12 per cent in the year-ago period.</p><p>Shares of the company closed 3.09 per cent up at Rs 1,407.75 apiece on the BSE.</p>