Tech Mahindra Exceeds Quarterly Revenue Estimates Due to Manufacturing and Banking Growth
Tech Mahindra reported higher-than-expected quarterly revenue, driven by growth in the manufacturing and BFSI sectors. The company's consolidated sales rose 12.6% to 150.76 billion rupees, while net profit increased 16% to 13.54 billion rupees, though it missed expectations. Analysts noted the performance was strong given muted sector expectations.
Tickers: $INFY
Topics: BFSI Earnings Report IT Services Manufacturing Revenue Growth Tech Mahindra