Tech Mahindra Q4 net profit increases 34%
The Hindu
Tech Mahindra on Monday posted a 34.5% year-on-year increase in consolidated net profit to ₹1,081.4 crore for the January-March 2021 quarter. Net profit had come in at ₹803.9 crore a year earlier. How
Tech Mahindra on Monday posted a 34.5% year-on-year increase in consolidated net profit to ₹1,081.4 crore for the January-March 2021 quarter. Net profit had come in at ₹803.9 crore a year earlier. However, net profit declined about 17% sequentially from ₹1,309.8 crore reported for the quarter ended December 2020. Revenue from operations rose 2.5% ₹9,729.9 crore as against ₹9,490.2 crore in the year-earlier quarter. , the company said in a regulatory filing. For the full year 2020-21, the net profit was up 9.8% to ₹4,428 crore, while revenue from operations was higher by 2.7% at ₹37,855 crore. The Board of Directors has recommended a final dividend of ₹15 per equity share and a special dividend of ₹15 per equity share, it added.
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