Tech Mahindra Reports Strong Q4 with 14.11% Profit Surge

Tech Mahindra reported a significant 14.11% jump in profit to Rs 1,122 crore for the December quarter. Revenue from operations rose to Rs 14,393 crore. The company reported a widened operating profit margin and notable new deal wins, reflecting a strong business performance. Headcount stood at 1,49,616.

Tech Mahindra, a leading IT services company, unveiled a robust financial performance with a 14.11% profit increase to Rs 1,122 crore for the December quarter.

The company reported a rise in revenue to Rs 14,393 crore, crediting exceptional items and widened operating profit margins of 13.1%.

New deal wins surged 47% to USD 1.096 billion, marking the highest deal-win run rate in five years. The headcount was recorded at 1,49,616 with an overall attrition rate of 12.3%. The company's stock rose 5.17% on BSE.

(With inputs from agencies.)