InvestorQ : Can I have your quick take on the results declared by Tech Mahindra and SBI Cards for the fourth quarter ended March 2021?
Mitali Bhutta made post

Can I have your quick take on the results declared by Tech Mahindra and SBI Cards for the fourth quarter ended March 2021?

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1 week ago
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Among the major numbers declared on 26 April, Tech Mahindra reported 35% rise in net profits at Rs.1,081 crore in Q4. However, the profits were actually lower by 17.4% on a sequential basis. Top line revenues were up 2.5% at Rs.9,730 crore as the BPO vertical gave a boost to revenues even as IT revenues were flat. TECHM declared dividends final dividend of Rs.15/share and a special dividend of Rs.15/share, taking yearly dividend to Rs.45/share.

Coming to SBI Cards, it surprisingly doubled PAT in a tough quarter to Rs.175 crore in Mar-21 quarter. The return on assets or ROA doubled to 2.6% while the return on equity or the ROE increased from 6.5% to 11.2% yoy. Overall revenues were marginally lower due to COVID impact but gross NPAs went up 2.5 times to 4.99% in the latest quarter.

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