Tech Mahindra Ltd.: Q4FY17 Results

Tech Mahindra Ltd. reported Q4FY17 results for the quarter ended March 31, 2017. 

The company's total sales for Q4FY17 came in at Rs 7495 crore, which represents a 0.83 per cent sequential decline and 8.88 per cent YoY increase.

Its operating profit (EBIT) for the quarter was Rs 615.2 crore and its EBIT margin stood at 8.21 per cent.

The company reported PAT of Rs 589.7 crore, which represents a sequential QoQ decline of 30.2 per cent and a YoY decline of 32.69 per cent.

The company's stock opened today at Rs 430 on the BSE, posted an intraday high and low of Rs 434 and Rs 420.60, respectively, and closed with a gain of Rs 4, or 0.94 per cent ahead of the results.
 

Tech Mahindra has business interests in the field of Information Technology (IT) services, in partnership with British Telecommunication. The company is focused primarily on telecommunication industry. Tech Mahindra is an integrated and business transformation consulting organisation. It has expanded its IT portfolio by acquiring Satyam Computer Services.