Tech Mahindra misses Q4 Street estimates; announces Rs 5 dividend: Key highlights

Mumbai: Software services firm Tech MahindraNSE 3.32 % missed Street estimates as it posted a 29 per cent year-on-year (YoY) fall in consolidated net profit at Rs 803.90 crore for the quarter ended March.

An ET NOW poll had projected the number at Rs 1,012.40 crore. The company’s revenue in the March quarter rose 6.72 per cent to Rs 9,490 crore.

Ahead of the announcement, Tech Mahindra shares closed 3.26 per cent higher at Rs 546.10 a share on the BSE, while the 30-share Sensex closed 3.05 per cent higher at 33,717.62.