Gaurav Seth appointed as CEO of 5paisa Capital Limited, effective January 14, 2025
Tech Mahindra Q2 Results FY2024, Net profit at Rs.494 crores

On 25th October 2023, Tech Mahindra announced its quarterly results.
Key Highlights:
- In USD, Revenue stood at $1555 million, a drop of 5.1% YoY. In INR, Revenue stood at Rs.12,864 crores, down by 2% YoY
- EBITDA was reported at Rs.1072 crores
- In INR, Net profit was at Rs.494 crores, down by 61.6% YoY
- Total Contract Value (TCV) was reported at $640 million
- Total headcount at 150,604, up by 2,307 QoQ
Business Highlights:
- Industry segment growth was led by Communications, Media & Entertainment (CME) vertical which grew 37%, Manufacturing was at 17.8%, Technology was at 11%, BFSI at 16.1%, Retail, Transport & Logistics at 8.2%, Others at 10% .
- Among major markets, America grew 53.3% and Europe grew 23.6% Rest of the World grew 23.2%
The Board approved an interim dividend of Rs. 12 per share.
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