Tech Mahindra Q3 net profit slips 5% YoY to Rs 1,146 crore, revenue up 8%

Tech Mahindra on Friday posted around 5 per cent year-on-year (YoY) decline in its consolidated net profit at Rs 1,145.9 crore for the quarter ended December 31, 2019. The company had logged profit of Rs 1,202.9 crore in the year-ago quarter. Sequentially, the numbers grew 2 per cent.

Revenue from operations stood at Rs 9,654.6 crore, up 8 per cent against Rs 8,943.7 crore in the corresponding quarter of the previous fiscal.

In constant currency terms, revenue grew 4.3 per cent. In US dollar terms, revenue rose 5.1 per cent to $ 1,353 million. 

Earnings before interest, tax, depreciation