<p>New Delhi: Shares of IT services firm Tech Mahindra declined over 2 per cent on Thursday after its June quarter net profit declined sequentially.</p>.<p>The stock dropped 2 per cent to Rs 1,575 on the BSE.</p>.<p>At the NSE, shares of the firm went lower by 2.21 per cent to Rs 1,572.30.</p>.<p>Tech Mahindra on Wednesday reported a nearly 34 per cent year-on-year increase in consolidated net profit to Rs 1,140.6 crore for the quarter ending June 30, 2025, on the back of growth in communications and financial services verticals.</p>.Airtel offers for free 12-month Rs 17K/year Perplexity Pro subscription to all customers.<p>The company had logged a net profit (attributable to owners of the company) of Rs 851.5 crore in the year-ago period, according to a regulatory filing.</p>.<p>The Pune-based company's revenue from operations for the first quarter of 2025-26 grew 2.65 per cent to Rs 13,351.2 crore from Rs 13,005.5 crore in the same period last year.</p>.<p>Sequentially, net profit declined by 2.2 per cent, and revenue saw a marginal dip of 0.2 per cent from the preceding quarter.</p>.<p>Discretionary cuts and run-offs hit revenues, and the company expects deal wins to start reflecting in the numbers from the second quarter onwards. </p>
<p>New Delhi: Shares of IT services firm Tech Mahindra declined over 2 per cent on Thursday after its June quarter net profit declined sequentially.</p>.<p>The stock dropped 2 per cent to Rs 1,575 on the BSE.</p>.<p>At the NSE, shares of the firm went lower by 2.21 per cent to Rs 1,572.30.</p>.<p>Tech Mahindra on Wednesday reported a nearly 34 per cent year-on-year increase in consolidated net profit to Rs 1,140.6 crore for the quarter ending June 30, 2025, on the back of growth in communications and financial services verticals.</p>.Airtel offers for free 12-month Rs 17K/year Perplexity Pro subscription to all customers.<p>The company had logged a net profit (attributable to owners of the company) of Rs 851.5 crore in the year-ago period, according to a regulatory filing.</p>.<p>The Pune-based company's revenue from operations for the first quarter of 2025-26 grew 2.65 per cent to Rs 13,351.2 crore from Rs 13,005.5 crore in the same period last year.</p>.<p>Sequentially, net profit declined by 2.2 per cent, and revenue saw a marginal dip of 0.2 per cent from the preceding quarter.</p>.<p>Discretionary cuts and run-offs hit revenues, and the company expects deal wins to start reflecting in the numbers from the second quarter onwards. </p>