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Tech Mahindra's Consolidated Profit Rises in Fiscal Q4

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Tech Mahindra's (NSE:TECHM, BOM:532755) consolidated attributable profit rose to 13.5 billion Indian rupees in the fiscal fourth quarter ended March 31, from 11.7 billion rupees a year ago.

The technology company's earnings per share came in 15.24 rupees from 13.15 rupees a year earlier, according to a Thursday filing to the Indian stock exchanges.

Revenue from operations in fiscal Q4 also grew to 150.8 billion rupees from 133.8 billion rupees a year ago.

The company's board recommended a final dividend of 36 rupees per equity share of the face value of 5 rupees each for the financial year ended March 31.

The company's shares were down nearly 2% in recent trade.

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