Tech Mahindra fell 3.77% to Rs 676 at 10:07 IST on BSE after consolidated net profit rose 33.15% to Rs 1230.80 crore on 3.58% rise in net sales to Rs 8054.50 crore in Q4 March 2018 over Q3 December 2017.
The result was announced after market hours on Friday, 25 May 2018.On the BSE, 2.81 lakh shares were traded in the counter so far compared with average daily volumes of 92,000 shares in the past two weeks. The stock had hit a high of Rs 722 and a low of Rs 668.15 so far during the day. The stock hit a 52-week high of Rs 729 on 23 April 2018. The stock hit a 52-week low of Rs 357.60 on 29 May 2017.
Consolidated earnings before interest, taxes, depreciation and amortization (EBITDA) rose 11.7% to Rs 1412 crore in Q4 March 2018 over Q3 December 2017.
The software services exporter saw a rise of 8.3% in the number of active clients, and strong growth in deal wins in the $5 million and $10 million client categories.
Tech Mahindra represents the connected world, offering innovative and customer-centric information technology services and solutions.
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