The consolidated net profit for the quarter ending June 30 stood at Rs 693 crore, missing analyst expectations amid challenging macroeconomic conditions and spending cuts by clients.
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Tech Mahindra Q4 profit up 34 pc, dividend at Rs 30 per share ANI | Updated: Apr 26, 2021 17:20 IST
Mumbai (Maharashtra) [India], Apr 26 (ANI): IT major Tech Mahindra on Monday posted 34.5 per cent jump in consolidated net profit at Rs 1,081 crore for the March quarter (Q4 FY21) as against Rs 804 crore in Q4 FY20.
On a sequential basis, however, the profit was down 17.4 per cent from Rs 1,310 crore.
The March quarter revenue stood at Rs 9,730 crore, up 2.5 per cent YoY as compared to Rs 9,490 crore in the same period year-ago.
The board recommended a dividend of Rs 30 per share, including a special dividend of Rs 15 per share, for FY21. It will be paid by August 11, the company said.