Tech Mahindra net up 60%

Tech Mahindra on Monday said its net profit had increased by 59.5 per cent to Rs 240.4 crore for the quarter ended September 30, as compared to the same period last year. The company’s net profit stood at Rs 150.7 crore in Q2 FY2010-11, Tech Mahindra said.

Net revenue in the reported period declined 13.07 per cent to Rs 1,333.3 crore as against Rs 1,533.9 crore registered in the year-ago period.