Tech Mahindra Q4 PAT up 25 per cent

Revenue up by 34% to Rs 1,907 cr in the quarter; board recommends dividend

Tech Mahindra posted a 25 per cent growth in its net profit for the fourth quarter ended March. Its consolidated net profit for the quarter stood at Rs 377 crore, against Rs 302 crore in the same period last year, on back of recent buyouts and new deals.

Revenue stood at Rs 1,907 crore, up 34 per cent, while consolidated revenue for the year stood at Rs 6,873 crore, up 25 per cent. The board of directors have recommended a dividend of Rs 5 per share for FY13.

On Tuesday, shares of Tech Mahindra closed at Rs 909.7, down 1.3 per cent on BSE.