Tech Mahindra Q4 Profit Rises 39% To ₹1,506 Cr; Revenue Up 24%
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Mid-tier IT company Tech Mahindra reported consolidated profit after tax of ₹1,506 crore for the March quarter, up 39% over last year and 10% sequentially.
Meanwhile, revenues too rose 24% to ₹12,116 crore during the fourth quarter.
On Friday, Tech Mahindra shares closed 0.97% lower at ₹1,201 apiece on NSE.
“Our improved growth performance reflects the power of Human-Centered experiences, a strong focus on innovation and our ability to create a strong customer and partner ecosystem. Tech Mahindra’s commitment towards sustainable digital transformation and investment in new-age technology stacks has resulted in one of the highest growth with large deal wins over the last 7 years,” said Tech Mahindra CEO and MD CP Gurnani.
In dollar terms, revenue during the quarter was at $1608.1 million, up 5% sequentially and 21%, compared with a year ago. Revenue growth was 5.4% quarter-on-quarter in constant currency terms.
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