Profit

Tech Mahindra Q1 Net Profit Rises To Rs 898 Crore, Falls Short Of Estimates

Expenses for the quarter rose 8.2 percent to 72.31 billion rupees.

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Tech Mahindra Q1 Net Profit Rises To Rs 898 Crore, Falls Short Of Estimates

Software services exporter Tech Mahindra Ltd posted on Monday a lower-than-expected first-quarter profit, dented by higher expenses. The company's net profit rose to 8.98 billion rupees ($130.80 million) in the quarter ended June 30, from 7.99 billion rupees, a year earlier

Analysts on average had expected a net profit of 9.08 billion rupees, according to estimates compiled by Thomson Reuters. Expenses for the quarter rose 8.2 percent to 72.31 billion rupees.

© Thomson Reuters 2018


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