Tech Mahindra, a specialist in digital transformation, consulting and business re-engineering, reported a fall of 23.13% in consolidated net profit for the quarter ended Mar. 31, 2015, due to steep fall in margins. Net profit for the quarter was at Rs 4.72 billion as compared to Rs 6.14 billion in the same period last year. Analysts on average had predicted net profit at Rs 7.13 billion.
 
During the quarter, total income went up 21.73% to Rs 60.52 billion from Rs 49.71 billion in the same period last year.

Operating margin for the quarter dropped to 12.37% compared with 18.36% in the same period last year.

Vineet Nayyar, executive vice chairman, Tech Mahindra, said, ''We have seen one of the highest growth rates this year. Our Q4 results were impacted by macroeconomic factors like cross currency headwinds and salary increases. We will endeavor to work on improving our operating metrics to achieve synergy with our recent acquisitions.''

C P Gurnani, managing director & CEO, Tech Mahindra said, ''It's been a successful year overall where we increased our market presence significantly. Our growth journey continues with entry into new technology and business areas. The focus will be on productization for non-linear growth and to maximum value from our well entrenched customer relationships.''

Shares of the company declined Rs 7.65, or 1.18%, to settle at Rs 640.55. The total volume of shares traded was 265,344 at the BSE (Tuesday).