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Tech Mahindra said its third quarter consolidated net profit grew 7.4 per cent on a year-on-year basis, to Rs 276 crore, from Rs 257 crore in the same period a year ago.
“We have had a satisfactory quarter, with growth in both revenue and margins,” said Mr Vineet Nayyar, Vice-Chairman, MD and CEO of Tech Mahindra. “This is a result of our investments in growth markets, and in emerging technologies. We continue to focus on delivering enhanced value to our customers in an uncertain economic environment.”
Revenues, at Rs 1,445 crore ,were up 19 per cent, from Rs 1,211 crore a year ago.
Sequentially, revenues rose 8.4 per cent and profits 14.8 per cent. Operating profit rose 14.7 per cent, to Rs 234 crore.
The company's stock closed at Rs 650.75 on BSE, up 1.28 per cent from its previous close.
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