Business Standard

Tech Mahindra third-quarter profit rises over 10 percent


(Reuters) - Indian software services exporter Tech Mahindra Ltd posted a 10.2 percent rise in third-quarter net profit, helped by a rise in active clients.
Net profit rose to 9.43 billion rupees ($148.34 million), from 8.56 billion rupees a year ago.
Analysts on average had expected a profit of 7.90 billion rupees, according to Thomson Reuters data.
Revenue from operations rose nearly 3 percent to 77.76 billion rupees.
($1 = 63.5700 Indian rupees)
(Reporting by Tanvi Mehta in Bengaluru; Editing by Biju Dwarakanath)

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First Published: Jan 29 2018 | 5:34 PM IST

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