Tech Mahindra, a provider of digital transformation, consulting and business re-engineering, witnessed a rise in share price on Monday as the company is going to announce its first quarter earnings today.

For the fourth quarter the company 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.

Shares of Tech Mahindra are trading at Rs 519.40, up Rs 8.5, or 1.66% at the Bombay Stock Exchange (BSE) on Monday at 1:03 p.m.

The scrip has touched an intra-day high of Rs 525 and low of Rs 509.90. The total volume of shares traded at the BSE is 285,692.