Tech Mahindra reported a challenging Q1FY24 performance with net profit declining by over 38% QoQ and revenue dropping by 4.1% QoQ
Nearly 80% of the incremental loan demand is coming from the private sector.
In conversation with Sheetal Agarwal of IIFL, management of the company discusses the company’s future plans.
EBITDA for the quarter was Rs 190 crore in Q1FY24, up 10% y-o-y.
Zomato reported a net profit of Rs 2 crore in Q1.
The financial assistance worth Rs 9,120 crore was signed between Apraava Energy and REC Ltd and PFC.
Recommendation: Add; Target price: Rs 2135
According to the company, all Xstream AirFiber devices would be developed in India.
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