The company recorded 23.1 percent decline in Q4 net profit at Rs. 472 crore from Rs. 614 crore in Q4FY14.
Tech Mahindra started the day on a gloomy note after posting weak sets of numbers for the quarter ended March, 2015.
Yesterday, after market, the company informed the BSE, that the company recorded 23.1 percent decline in Q4 net profit at Rs. 472 crore from Rs. 614 crore in Q4FY14.
Whereas, total income jumped by 21.7 percent to Rs. 6,051 crore from Rs. 4,971 crore for the above mentioned period.
The stock opened 10 percent lower at Rs. 577 and soon, has crashed to a low at Rs. 550 - down 14.1 percent from previous close.
Now, the stock is down 11 percent at Rs. 564.05. Around 266,000 shares are traded on the BSE counter, as against two-week daily average volume of 177,000 shares.
Meanwhile, the Sensex has tumbled 155 points at 27,376.
Yesterday, after market, the company informed the BSE, that the company recorded 23.1 percent decline in Q4 net profit at Rs. 472 crore from Rs. 614 crore in Q4FY14.
Whereas, total income jumped by 21.7 percent to Rs. 6,051 crore from Rs. 4,971 crore for the above mentioned period.
The stock opened 10 percent lower at Rs. 577 and soon, has crashed to a low at Rs. 550 - down 14.1 percent from previous close.
Now, the stock is down 11 percent at Rs. 564.05. Around 266,000 shares are traded on the BSE counter, as against two-week daily average volume of 177,000 shares.
Meanwhile, the Sensex has tumbled 155 points at 27,376.
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