Tech Mahindra Q4 net profit up 37%

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Tech Mahindra Q4 net profit up 37%
Tech Mahindra: Quotes, News
BSE 433.95BSE Quote9.15 (2.11%)
NSE 434.10NSE Quote9.1 (2.10%)
Tech Mahindra reported consolidated net profit after tax (PAT) for Q4 rose to Rs 377 crore against Rs 275.8 crore up by 36.7% QoQ.

The company's revenue stood at Rs 1,907 crore up by 34.4% YoY and 6.5% QoQ. Operating profit (EBITDA) at Rs 380 crore; up 58.9 % YoY. The Board of Directors have recommended a dividend of Rs 5/- per share (50 %) for FY 13

Total headcount for the year at 47,498. Software Professional headcount stood at 24,410, BPO at 21,552 and Support staff at 1,536

Vineet Nayyar, Executive Vice Chairman of Tech Mahindra said, "I am satisfied that we have delivered profitable growth for FY13, with significant margin improvement. I am confident that with our deep domain expertise in Telecom and a full portfolio of offerings, we would be able to leverage our leadership position to deliver higher value, for all our stakeholders.

Shares of the company ended the day lower by 1.33% at Rs 909 on BSE.

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