Tech Mahindra Q4 results: PAT drops 26% YoY, dividend at Rs 32/share

IT firm Tech Mahindra on Thursday reported results for quarter ended March 31, 2023. According to the regulatory filing, in Q4FY23, Tech Mahindra saw its consolidated net profit decline by 26 per cent at Rs 1,118 crore.

However, its revenue rose 19.4 per cent to Rs 53,290 crore in Q4FY23.

The company’s board recommended final dividend of Rs 32 per equity share of Rs 5 face value which is 640 per cent of the face value for the FY23, subject to the approval of members of the Company at the forthcoming Annual General Meeting.

The final dividend, if approved, will be paid by August 11, 2023. This dividend is in addition to special dividend of Rs 18 per share paid as interim dividend in November, 2022.