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Tech Mahindra has reported a 107.80% YoY increase in net profit at Rs.1,222 crore, for the quarter ended March 31,2018.
The company in the year ago quarter had reported a net profit of Rs.588 crore. Profit for the quarter under review rose 3.6% on a sequential basis. Revenue rose 7.5% YoY at Rs.8,054 crore and the sequential growth in revenue stood at 3.6%.
Further, margin for the quarter rose 120 basis points QoQ at 17.5% and the board of directors has proposed a dividend of Rs.14 per share.
