Tech Mahindra Q4 Net Profit Falls 27% to Rs 1,179.8 Crore

Tech Mahindra on Thursday reported a 27 per cent decline in its consolidated net profit for the March quarter at Rs 1,179.8 crore. The fifth-largest IT services company by revenues had reported a post-tax net profit of Rs 1,637.9 crore in the year-ago period.

For FY23, its net profit came at Rs 5,137.6 crore as against Rs 5,794.9 crore in the year-ago period.

Its total income increased to Rs 14,023.7 crore as against Rs 12,436.1 crore in the year-ago period, while expenses jumped to Rs 12,493.8 crore as against R$ 10,567.3 crore in the year-ago period.

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