Web revenue fell by 61% year-on-year to Rs 505 crore

Tech Mahindra’s consolidated web revenue for the second quarter of the present monetary yr (Q2FY24) noticed a decline of 61.10 per cent to Rs 505.30 crore, in comparison with Rs 1,299.20 crore for the corresponding quarter of the earlier yr, the corporate mentioned in a report. Deposit of mad cow illness. Sequentially, web revenue decreased by 28.18 %. In Q1 FY24, the corporate’s web revenue stood at Rs 703.60 crore.

Consolidated income from operations for Q2 FY24 stood at Rs 12.86 lakh crore, in comparison with Rs 13.12 lakh crore year-on-year, registering a lack of 1.98 per cent. On a quarterly foundation, working revenues decreased by 2.20 %. It stood at Rs 13.15 lakh crore within the first quarter of FY24.

Complete earnings for Q2 FY24 stood at Rs 13.12 lakh crore, in comparison with Rs 13.42 lakh crore year-on-year, registering a decline of two.23 per cent. On a quarterly foundation, whole earnings decreased by 1.72 %. It was Rs 13.35 lakh crore in Q1FY24.

Tech Mahindra shares closed 1.16 per cent decrease at Rs 1,141.70 per share on Wednesday.