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Tech Mahindra Q4 Results: PAT plunges 41% YoY to Rs 661 cr; Rs 28/share dividend declared
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Tech Mahindra on Thursday reported a 41% year-on-year (YoY) drop in its March quarter net profit to Rs 661 crore. The same stood at Rs 1,117.70 crore in the March 2023 quarter. The figure was below ET NOW poll estimate of Rs 700 crore.
The revenue from operations for the reported quarter stood at Rs 12,871.30 crore, down 6.2% YoY.
For the full year ended March 31, 2024, the profit after tax (PAT) stood at Rs 2,396.80 crore versus Rs 4,857 crore in FY23. Meanwhile, FY24 revenue stood at Rs 51,995.50 crore, lower than Rs 53,290.20 crore reported in FY23.
The company has recommended a final dividend of Rs 28 per share which will be paid on or before August 9, 2024.
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Read more on economictimes.indiatimes.com
About this in other media
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