India's Tech Mahindra pares losses after Q4 profit rises 16% y/y

Tech Mahindra

22/04/2026 09:46

** Shares of India's Tech Mahindra TEML.NS pare losses, last down 1.57% at 1477.20 after falling as much as 6.38% earlier in the day

** Co reports 16% y/y rise in Q4 consolidated net profit to 13.54 billion rupees ($144.28 million), but misses analysts' estimate of 14.92 billion rupees – LSEG data

** Revenue from operations rises 12.6% y/y to 150.76 billion rupees, beating estimates of 147.77 billion rupees – LSEG data

** Co says consolidated EBIT for the quarter rises 48.3% y/y to 20.84 billion rupees

** TEML rated "buy" on average by 41 analysts, median PT at 1675 rupees -- LSEG data

** YTD stock down 5.66%

($1 = 93.8425 Indian rupees)

(Reporting by Surbhi Misra in Bengaluru)

((Surbhi.Misra@thomsonreuters.com |  X: https://twitter.com/SurbhiMisra_  |;))