 "Tech Mahindra Q4 net declines 33% to Rs 590 crore")
Tech Mahindra Ltd, India's fifth-largest software service provider, posted a lower-than-expected fourth-quarter consolidated profit on Friday, hurt by higher taxes.
Consolidated net profit for the quarter ended March 31, fell to Rs 590 crore, from Rs 876 crore a year earlier, the company said.
Analysts on average had expected March-quarter consolidated profit at Rs 783 crore, Thomson Reuters data showed.
Consolidated total tax expenses surged 28% to Rs 232 crore.
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