India’s Tech Mahindra Shares Slide on Biggest Profit Drop in 16 Years
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BENGALURU (Reuters) – Shares of Indian IT services company Tech Mahindra fell as much as 3.7% in early trade on Thursday, a day after the company posted its biggest profit drop in 16 years.
The company reported a 61.6% fall in its consolidated net profit for the September quarter, its worst performance since March 2007.
(Reporting by Kashish Tandon in Bengaluru; Editing by Sohini Goswami)
Copyright 2023 Thomson Reuters.
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