Tech Mahindra shares slid as much as 4.4 per cent on Tuesday after the software exporter on Monday posted a 5.7 per cent decline in consolidated net profit figures for the quarter ended December 2015. The company posted net profit of Rs 805.30 crore in the corresponding quarter a year ago. Bottom line of the company fell 3.36 per cent on quarter-on-quarter basis. At 2 pm, shares of Tech Mahindra were trading 4.37 per cent down at Rs 477. The scrip opened at Rs 495.10 and had touched a high and low of Rs 498 and Rs 476.50, respectively, in trade so far. Later, the share price settled 4.71 per cent down at Rs 475.30. Gross sales of the company jumped 16.51 per cent year-on-year to Rs 6701.14 crore during October-December 2015 period. According to Karvy Stock Broking, Tech Mahindra\u2019s Q3 performance was in-line with its large cap peers in this quarter. TCV signing of $275mn was modest compared to the deal signing in the last few quarters. Management\u2019s focus on improving its footprint in enterprise segment is reaping benefits with healthy demand pipe-line in this segment while telecom segment is facing delayed decision making due to increasing M&A activities. \u201cWe expect Tech Mahindra to register dollar revenue CAGR of 12.8 per cent over FY15-18E. EPS is expected to be Rs 31.4, Rs36.9, Rs43.4 for FY16E\/17E\/18E respectively,\u201d the brokerage house said in a research note.