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Tech Mahindra surges on reporting 35% rise in Q4 consolidated net profit

Tech Mahindra is currently trading at Rs. 981.05, up by 17.90 points or 1.86% from its previous closing of Rs. 963.15 on the BSE.

The scrip open

ed at Rs. 962.00 and has touched a high and low of Rs. 985.65 and Rs. 960.00 respectively. So far 55043 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 5 has touched a 52 week high of Rs. 1081.35 on 11-Jan-2021 and a 52 week low of Rs. 490.10 on 06-May-2020.

Last one week high and low of the scrip stood at Rs. 1007.90 and Rs. 936.85 respectively. The current market cap of the company is Rs. 93279.16 crore.

The promoters holding in the company stood at 35.76%, while Institutions and Non-Institutions held 52.71% and 11.36% respectively.

Tech Mahindra has reported results for fourth quarter and year ended March 31, 2021. The company has reported a fall of 16.09% in its net profit at Rs 1,167.80 crore for the quarter under review as compared to Rs 1,391.80 crore for the same quarter in the previous year. Total income of the company decreased by 12.64% at Rs 7,713.80 crore for Q4FY21 as compared Rs 8,829.60 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a rise of 34.52% in its net profit attributed to the owners at Rs 1,081.40 crore for the quarter under review as compared to Rs 803.90 crore for the same quarter in the previous year. However, total income of the company marginally decreased by 0.13% at Rs 9,762.50 crore for Q4FY21 as compared Rs 9,775.40 crore for the corresponding quarter previous year.

For the year ended March 31, 2021, the company has reported a fall of 6.51% in its net profit at Rs 4,239.10 crore as compared to Rs 4,534.50 crore for the previous year. Total income of the company decreased by 3.26% at Rs 30,562.70 crore for year under review as compared to Rs 31,591.60 crore for year ended March 31, 2020.

For the year ended March 31, 2021, on the consolidated basis, the company has reported a rise of 9.79% in its net profit attributed to the owners at Rs 4,428 crore as compared to Rs 4,033 crore for the previous year. Total income of the company increased by 1.53% at Rs 38,642.20 crore for year under review as compared to Rs 38,060.10 crore for year ended March 31, 2020.

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