Tech Mahindra Q4 net up 39.2% YoY to Rs 1,506 cr, rises 10% sequentially

Revenue up 24.5% YoY at Rs 12,116 crore; In dollar terms revenue for the quarter was up 5.4% at constant currency at $1.6 billion

India’s fifth largest IT services player Tech Mahindra reported net profit of Rs 1,506 crore for the fourth quarter of FY22, up 39.2 per cent year-on-year and was up 10 per cent sequentially.

Revenue buoyed by growth in both its telecom and enterprises segment was up 24.5 per cent year-on-year at Rs 12,116 crore up 5.8 per cent sequentially. In US dollar terms revenue for the quarter was up 5.4 per cent at constant currency at $1.6 billion.

For the full year Tech Mahindra almost reached the revenue mark of $6 billion. For FY22 the company reported revenue of $5.99