In rupee terms, the company a consolidated net profit after tax and before exceptional item of Rs 218.9 crore for Q4 FY 08 as against Rs 196.1 crore in Q4 FY 07 -- a 11.6 per cent growth. Its revenue touched Rs 1021.8 crore for Q4 FY08 as against Rs 874.5 crore in Q4 FY07 -- a 16.9 per cent increase.
For the full year ending March 31, 2008, its consolidated revenue grew by 28.6 per cent to Rs 3,766.10 crore from Rs 2,929 crore in the previous financial year. Its consolidated net profit grew by 25.6 per cent to Rs 769.6 crore from Rs 612.6 crore (excluding exceptional items) in the previous year. Consolidated net profit after exceptional items was reported at Rs 329.9 crore.
The company derived 19.4 per cent, 73.6 per cent and 7 per cent of its revenues from the US & Canada, Europe (primarily British Telecom) and rest of the world (ROW) regions respectively. The number of clients increased from 83 in FY 07 to 107 in FY 08. Its consolidated headcount increased from 19,749 in March 2007 to 22,884 in March 2008 -- a growth of 15.9 per cent.
British Telecom holds a 31 per cent stake in Tech Mahindra and contributes to over 60 per cent of its revenue. AT&T is its other major client, contributing 16-17 per cent.
Anand Mahindra, Chairman, Tech Mahindra, said: "Our robust results reinforce our leadership position in our chosen vertical. Our alignment to customer needs and our investments in the telecom domain have positioned us well for growth." Vineet Nayyar, Vice Chairman & MD, Tech Mahindra, said: "Our strategy of building long-term partnerships with our customers by pursuing multi year deals has yielded us dividends this quarter. These deals are a reflection of the confidence reposed in us by our customers.