If you have shares in this company, you will get Rs 30 per share dividend

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Tech Mahindra on Monday announced a dividend of Rs 30 per share for the financial year ended March 31. The IT firm also declared its financial results for Q4FY21.

The consolidated net profit of the company increased by 34.52% YoY to Rs 1,081.40 crore during the quarter under review. The figure declined 17.40% on a quarter-on-quarter basis. It had reported a profit of Rs 803.90 crore in the same period last year.

Consolidated revenue grew 0.90% QoQ and 2.52% YoY to Rs 9,729.90 crore.

CP Gurnani, Managing Director & Chief Executive Officer, Tech Mahindra, said, “Our continued focus on cutting-edge technologies has expanded client engagement with large deal wins this quarter. We are witnessing a strong demand acceleration and are committed towards delivering a next-level human-centred experience of the future, Now. The health and wellness of our associates and community at large, continues to be our prime focus, as we navigate through this pandemic together.”

Milind Kulkarni, Chief Financial Officer, Tech Mahindra, said, “We have witnessed substantial margin improvement and cash flow generation this year. Our focus on delivery transformation will continue, as we increasingly witness a structural shift towards digital to adapt to the new normal. We are positioned uniquely to gain from this shift while improving our financial and operating metrics going forward.”