Tech Mahindra Q4 net profit down 41% to Rs 661 crore; revenue tanks 6.2%
By
Biju Kumar
Tech Mahindra, country’s fifth largest IT services firm, reported a decline in net profit of 40.9% year-on-year (YoY)
to Rs 661 crore primarily driven by slowdown in its telecom, communications, media and entertainment business, which is its largest vertical with 36.5% market share.