Tech Mahindra’s fourth quarter net profit soars 76% to Rs 1,167 crore

Tech Mahindra saw tariff-related uncertainties delaying a large hi-tech sector deal renewal in the fourth quarter when the Mahindra Group company reported nearly flat sequential revenue growth, in line with India’s IT industry performance.

However, net profit jumped 76.5% from a year earlier to Rs 1,167 crore, benefitting from margin expansion and a reduction in tax. Sequentially, net profit grew 18.7%.

Revenue at Rs 13,384 crore grew 4% from a year earlier, but only 0.7% from the third quarter, hurt by weakness in North America, the largest region…