Tech Mahindra posts net profit of Rs 221.39 crore in Q4
Indian software services firm Tech Mahindra on Monday announced net profit of Rs 221.39 crore for the fourth quarter ended March 31, 2009 against a net loss of Rs 207.07 crore reported during the corresponding quarter in 2008.
However, company's total income for the quarter ended March 31, 2009 has decreased to Rs 1,019.31 crore from Rs 1,026.29 crore in the year-ago quarter.
For the year ended March 31, 2009, the company reported 188% surge in its net profit of Rs 986.65 crore against Rs 342.11 crore shown in 2008.
Total income increased from Rs 3,702.29 for the year ended March 31, 2008 to Rs 4,315.31 crore for the year ended March 31, 2009.