 "Tech Mahindra Q2 profit grows 17.2% QoQ to Rs 1,124 crore")
IT firm Tech Mahindra on Tuesday posted 5.6 per cent increase in consolidated net profit at Rs 1,124 crore for the September quarter, and said it will acquire US-based Born Group at an enterprise value of USD 95 million (approximately Rs 671 crore).
The Mumbai-based company had registered a net profit of Rs 1,064.3 crore in the July-September 2018 quarter, Tech Mahindra said in a statement.
Its revenue from operations grew 5.1 per cent to Rs 9,070 crore in the quarter under review from Rs 8,629.8 crore in the year-ago period, it added.
In dollar terms, the company's profit was at USD 158.6
