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Tech Mahindra reports 8% fall in Q4 consolidated net profit

has reported results for the fourth quarter and year ended March 31, 2019.

The company has reported a marginal rise of 0.34% in its net profit at Rs 981.10 crore for the quarter ended March 31, 2019 as compared to Rs 977.80 crore for the same quarter in the previous year. Total income of the company increased by 14.44% at Rs 7,356.90 crore for quarter under review as compared to Rs 6,428.40 crore for the quarter ended March 31, 2018.

On consolidated basis, the company has reported fall of 8.47% in its net profit at Rs 1,126.60 crore for the quarter ended March 31, 2019 as compared to Rs 1,230.80 crore for the corresponding quarter in the FY18. However, total consolidated income of the company rose 6.51% at Rs 9,059.40 crore for quarter under review as compared to Rs 8,505.80 crore for the same quarter ended previous year.

For the year ended March 31, 2019, the company has posted a rise of 9.68% in its net profit at Rs 4,380.40 crore as compared to Rs 3,993.90 crore for the previous year. Total income of company increased 10.86% at Rs 28,179.70 crore for year under review as compared to Rs 25,420.20 crore for year ended March 31, 2018.

For the year ended March 31, 2019, on the consolidated basis, the company has posted rise of 13.27% in its net profit at Rs 4,288.80 crore as compared to Rs 3786.20 crore for the previous year. Total income of company increased by 9.59% at Rs 35,276.30 crore for year under review as compared to Rs 32,189.40 crore for year ended March 31, 2018.

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