Tech Mahindra Q4 net profit falls 27% to Rs 1,179.8 crore

[ad_1] MUMBAI: Tech Mahindra on Thursday reported a 27 per cent decline in its consolidated net profit for the March quarter at Rs 1,179.8 crore.The fifth largest IT services company by revenues had reported a post-tax net profit of Rs 1,637.9 crore in the year-ago period.For FY23, its net profit came at Rs 5,137.6 crore as against Rs 5,794.9 crore in the year-ago period.Its total income increased to Rs 14,023.7 crore as against Rs 12,436.1 crore in the year-ago period, while expenses jumped to Rs 12,493.8 crore as against R$ 10,567.3 crore in the year-ago period. !(function(f, b, e, v, n, t, s) { function loadFBEvents(isFBCampaignActive) { if (!isFBCampaignActive) { return; } (function(f, b, e, v, n, t, s) { if (f.fbq) return; n = f.fbq = function() { n.callMethod ? n.callMethod(...arguments) : n.queue.push(arguments); }; if (!f._fbq) f._fbq = n; n.push = n; n.loaded = !0; n.version = '2.0'; n.queue = []; t = b.createElement(e); t.async = !0; t.defer = !0; t.src = v; s = b.getElementsByTagName(e)[0]; 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