Tech Mahindra Q4 net profit doubles to Rs 12.22 billion

Dollar revenue for the quarter grew 10% y-o-y to $1.24 billion and profit of $188 million, up 18% quarter-on-quarter

India's fifth-largest information technology company Tech Mahindra on Friday announced 35.1 per cent growth year-on-year in annual profit for 2017-18 to Rs 38 billion. Its 2017-18 revenue grew 5.6 per cent to Rs 307.73 billion.

For the fourth quarter ended March, the company posted a profit of Rs 12.2 billion, up 108 per cent over the fourth quarter of 2016-17 and 29.6 per cent compared to the previous quarter. Its fourth quarter revenue touched Rs 80.5 billion, which is 7.5 per cent higher than the year ago period and 3.6 per cent higher than the third quarter.

"Continued focus on operational metrics