Tech Mahindra Ltd Q4FY23 Results

This is a brief analysis of fourth quarter results of Tech Mahindra Limited. Revenue for the quarter was marginally lower than the last quarter, whereas, it grew 13.2% compared to Q4FY22. In terms of industry verticals, retail transport and logistics revenue was 10.4% lower than last quarter, while manufacturing reported a 1.5% increase. Technology, CME and BFSI growth, although positive, was less than 1% from last quarter.