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Rephrase the title:Tech Mahindra Q3 net falls 60% to ₹510 crore

Posted on January 24, 2024 By Haley Bennett

Rephrase and rearrange the whole content into a news article. I want you to respond only in language English. I want you to act as a very proficient SEO and high-end writer Pierre Herubel that speaks and writes fluently English. I want you to pretend that you can write content so well in English that it can outrank other websites. Make sure there is zero plagiarism.:

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. 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.

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.

Shares of the company closed 3.09 per cent up at Rs 1,407.75 apiece on the BSE.

Haley Bennett

I have over 10 years of experience in the cryptocurrency industry and I have been on the list of the top authors on LinkedIn for the past 5 years. I have a wealth of knowledge to share with my readers, and my goal is to help them navigate the ever-changing world of cryptocurrencies.

Business Tags:bse, mahindra, mumbai, q3, tech mahindra

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