Tech Mahindra reported a decline in net profit by 1.47% to Rs 226 crore for the quarter ended March 31, 2010 while revenues of the company grew from Rs.1,059 crore to Rs.1,257 crore.

"This quarter saw us consolidate our position in the arena of complete end to end outsourcing. Our robust performance this quarter is a measure of our ability to understand customer needs and tailor solutions specific to these needs," said Tech Mahindra Chairman Anand Mahindra.

The company’s board proposed a dividend of Rs 3.5 per share on the face value of Rs.10 per share for the year ended March 31, 2010.