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Tech Mahindra Ltd. reported better than expected results in Q4 FY21 in terms of margins.
Revenue for the period of Q4 FY21 stood at Rs 9,730 crore, growing by 1.6% QoQ and 0.7% QoQ in constant currency terms.
Operating margin reported strong growth of 130 basis points and stood at 16.5% and was aided mainly by strong volume growth, lower onsite expenses and higher utilization.
Net income de-grew by 2.3% QoQ and stood at Rs 1,081 crore.
Its top line has seen improvement mainly due to improved supply-side constraints.
Communication vertical improved by 1.4% QoQ while enterprise verticals grew by 1.8% QoQ in constant currency terms.
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