Profit

Tech Mahindra Q2 Profit Jumps 30% to Rs 836 Crore

Tech Mahindra Ltd posted a 30 per cent jump in the second-quarter, helped by higher revenue from its IT services segment

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Tech Mahindra Q2 Profit Jumps 30% to Rs 836 Crore

Tech Mahindra's revenue from operations rose six percent to Rs 7,606 crore

Bengaluru: Software services exporter Tech Mahindra Ltd posted a 30 per cent jump in second-quarter profit, helped by higher revenue from its IT services segment.

Profit attributable to owners of the company rose to Rs 836 crore ($129.42 million) from Rs 645 crore a year earlier.

Analysts on average had expected a profit of Rs 718 crore, according to Thomson Reuters Eikon data.

Revenue from operations rose six percent to Rs 7,606 crore, the company said.

© Thomson Reuters 2017


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