Tech Mahindra Q4 Revenue Surpasses Analyst Expectations
Tech Mahindra reported Q4 revenue of 150.76 billion rupees, beating estimates. Growth in communications and manufacturing drove a 12.6% year-on-year sales rise.
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The IT services provider TECH MAHINDRA LTD reported fourth-quarter revenue on Wednesday that exceeded market expectations, driven by strong growth in its communications and manufacturing segments.
For the fiscal quarter ended March 31, the company, headquartered in India, posted consolidated sales of 150.76 billion rupees ($1.61 billion). This result marks a 12.6% increase over the same period in the previous year. The reported figure surpassed the 147.8 billion rupees average estimate provided by analysts, according to data from LSEG.
