Tech Mahindra reported a 60.6% year-on-year decline in net profit for the December quarter, recording Rs 510 crore compared to Rs 1,296.6 crore in the same period the previous year. The revenue for the quarter was Rs 13,101 crore, reflecting a 4.6% YoY decrease. The company cited mixed results, with growth in manufacturing and healthcare segments but muted spending in areas like communications, BFSI, and hi-tech. Tech Mahindra’s CEO mentioned focusing on realigning under the new structure and strengthening organizational foundations.