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Tech Mahindra Q4 profit rises 39% to ₹1,506 cr; revenue up 24%

By Livemint
On Friday, Tech Mahindra shares closed 0.97% lower at ₹1,201 apiece on NSE. (Bloomberg)

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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Dive Deeper:
Tata Motors posts smaller loss of ₹1,033 cr in fourth quarter
The auto major's revenue too fell 11% to ₹78,439 crore during the fourth quarter
Bank of Baroda posts net profit of ₹1,779 cr in fourth quarter
The net interest income grew 21% to ₹8,612 crore in the fourth quarter.
Rakesh Jhunjhunwala portfolio: Nazara Tech approves bonus issue of shares
The bonus issue is subject to approval by the shareholders and any other applicable statutory and regulatory approvals.
Avenue Supermarts Q4FY22: Consolidated PAT jumps to ₹427 cr
Consolidated total revenue stood at ₹8,786 crore in Q4FY22 compared to ₹7,412 crore in the same period last year. During…
One subscription that gives you access to news from hundreds of sites
L&T Q4FY22: Consolidated PAT rises by 10% YoY in line with revenue growth
L&T registered a consolidated net profit of ₹3,621 crore for the quarter ending March 31, 2022 (Q4FY22). .Consolidated revenues stood at…
PNB shares tumble nearly 14% after Q4 earnings
NEW DELHI: Shares of Punjab National Bank (PNB) on Thursday tumbled nearly 14 per cent after the company reported over…
Get all your news in one place