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Tech Mahindra net falls 59

The net profit stood at Rs 227.02 crore in Q4 of 2009-10.

Software firm Tech Mahindra on Thursday reported a 59.3 per cent decline in consolidated net profit at Rs 92.19 crore for the quarter ended March 31,2011,mainly on account of losses related to Satyam Computer. The net profit stood at Rs 227.02 crore in Q4 of 2009-10.

However,revenue from services for the last quarter of 2010-11 grew 6.6 per cent at Rs 1,261.5 crore compared to Rs 1,183.3 crore in 2009-2010.

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