The result was announced after market hours on Wednesday, 23 May 2012.

Meanwhile, the BSE Sensex was down 5.74 points, or 0.04%, to 15,942.36.

On BSE, 40,000 shares were traded in the counter as against an average daily volume of 46,750 shares in the past one quarter.

The stock hit a high of Rs 639.85 and a low of Rs 613.75 so far during the day. The stock had hit a 52-week high of Rs 797.70 on 27 July 2011. The stock had hit a 52-week low of Rs 524.20 on 30 September 2011.

The stock had underperformed the market over the past one month until 23 May 2012, falling 12.10% compared with the Sensex's 6.72% fall. The scrip had, however, outperformed the market in past one quarter, falling 0.35% as against 11.78% fall in the Sensex.

The mid-cap IT company has an equity capital of Rs 127.51 crore. Face value per share is Rs 10.

Tech Mahindra's operating profit (earnings before interest taxes depreciation and amortization) rose 2% to Rs 239 crore in Q4 March 2012 over Q3 December 2011. The board of Tech Mahindra has recommended a dividend of Rs 4 per share for the year ended March 2012.

The company said it added 2,430 personnel during the year, taking total headcount to 40,763. Software professional headcount stood at 24,833, BPO at 14,792 and support staff at 1,138. Tech Mahindra's active client count stood at 130.

The firm's debt was at Rs 1127 crore as of 31 March 2012; a decrease of Rs 250 crore during the quarter. Cash and cash equivalent was at Rs 402 crore on balance sheet as of 31 March 2012.

Vineet Nayyar, Vice Chairman, MD and CEO of Tech Mahindra said, "The intrinsic strength of our service offerings has led to growth in our key customer relationships, however our performance this quarter has been impacted by some exceptional events. We continue to remain focused on our core competencies which will enable us to better serve our customers."

Tech Mahindra is a leading provider of solutions and services to the telecommunications industry, majority stake owned by Mahindra & Mahindra, in partnership with British Telecommunications plc. Tech Mahindra serves telecom service providers, equipment manufacturers, software vendors and systems integrators. Tech Mahindra solutions enable clients to maximize returns on IT investment by achieving fast time to market reduced total cost of ownership and high customer satisfaction. Tech Mahindra achieves this through its domain and process expertise, distinctive IT skills, research and development, proven innovative delivery models and approach to off-shoring.