Tech Mahindra Q4 Earnings and Dividend Final: The results for the fourth quarter of the 2024 fiscal year have been made public by Tech Mahindra, the top tech business in the nation. In addition, the business declared a final dividend of 560 percent to investors. The stock market was informed that the company’s consolidated profit for the fourth quarter fell short of expectations. In addition, the business had income disappointment for the quarter that ended in March. Not only were the company’s earnings below forecasts, but they decreased from the prior quarter.
Tech Mahindra Q4 Results, Final Dividend: Dividend declared at Rs 28 per share, these members appointed in the board
At a face value of Rs 5, Tech Mahindra has announced a dividend of Rs 28 per share. Members’ approval will be sought at the company’s annual general meeting. Following shareholder approval, the dividend will begin to be paid on August 9, 2024. Tech Mahindra distributed an 800 percent dividend in its fiscal year 2023–2024. In addition, the business has named Amarjyoti Baruva, Tarun Bajaj, and Neelam Dhawan as Additional Directors (Non-Executive). Mukti Khare, Shikha Sharma, and Hagriv Khaitan have been named as independent directors.
Profit increased from Rs 510 crore to Rs 661 crore, income declined
According to the regulatory filing, the company’s consolidated profit has increased from Rs 510 crore to Rs 661 crore (QoQ) in the quarter ended March. This quarter the company was expecting a profit of Rs 690 crore. The company’s income has declined from Rs 1301 crore to Rs 12871 crore (estimated at Rs 12,900 crore) every quarter. The attrition rate has reduced from 15 percent to 10 percent on an annual basis. There has been a decline of 0.8 percent (QoQ) in CC revenue in January-March.
Tech Mahindra Q4 Results: Decline in business profits, shares gave 19.52 percent return in one year
Tech Mahindra’s trading profit has declined from Rs 703 crore to Rs 639 crore (QoQ) in the fourth quarter of FY 2024. Margin has declined from 5.4 percent to 5 percent in Q4. rose 0.34 percent to close at Rs 1190.10. The 52-week high of the company is Rs 1,416 and the 52-week low is Rs 982.95. Tech Mahindra shares have given a 19.52 percent return to investors in one year. The market cap of Tech Mahindra is Rs 1.16 lakh crore.
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