Tech Mahindra Q4 consolidated net profit slips 8.4% to Rs 1,126.6 crore

The Mumbai-based company saw its consolidated revenue from operations increasing 10.4% to Rs 8,892.3 crore as against Rs 8,054.5 crore in the year-ago quarter

IT major Tech Mahindra Tuesday posted a 8.4 per cent decline in consolidated net profit to Rs 1,126.6 crore for the March 2019 quarter.

Its net profit stood at Rs 1,230.8 crore in the corresponding period a year ago, Tech Mahindra said in a regulatory filing.

However, the Mumbai-based company saw its consolidated revenue from operations increasing 10.4 per cent to Rs 8,892.3 crore as against Rs 8,054.5 crore in the year-ago quarter, it added.

For the full fiscal, the net profit was up 13.2 per cent to Rs 4,288.8 crore, while revenue from operations was higher by 12.9 per