Tech Mahindra Q4 results: Net profit rises 77% to ₹1,167 cr, revenue up 4%

Indian software services exporter Tech Mahindra reported a smaller-than-expected fourth-quarter revenue on Thursday due to persistent weakness in its communications and hi-tech verticals.

Consolidated revenue rose 4% to 133.84 billion rupees ($1.57 billion) year-on-year in the quarter ended March 31. Analysts, on average, expected revenue of 134.52 billion rupees, per data compiled by LSEG.