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Tech Mahindra's Q2 net profit rises 33% to Rs 1,586 crore

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Tech Mahindra's Q2 net profit rises 33% to Rs 1,586 crore

Business News Tech IT Tech Mahindra's Q2 net profit rises 33% to Rs 1,586 crore

Revenue rose 15.6% year-on-year to Rs 16,180 crore from Rs 13,995 crore a year earlier, the Pune-headquartered company said. Sequentially, it grew 3% from Rs 15,712 crore in the June quarter. In constant-currency terms, revenue was up 2.3% sequentially and 7% higher from a year ago.

Tech Mahindra, India's fifth-largest information technology services firm, on Thursday reported a 32.7% year-on-year increase in September-quarter net profit to Rs 1,586 crore, helped by robust growth and higher operational efficiency. Profit was up 8.3% sequentially.Revenue rose 15.6% year-on-year to Rs 16,180 crore from Rs 13,995 crore a year earlier, the Pune-headquartered company said. Sequentially, it grew 3% from Rs 15,712 crore in the

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