Tech Mahindra Q2 net profit increases to Rs 1,285 crore

Tech Mahindra on Tuesday reported a 4 per cent increase in consolidated post tax profit to Rs 1,285 crore in the September quarter.

The country’s fifth largest IT services exporter had reported a net profit of Rs 1,339 crore in the year-ago period.

The company’s overall revenue rose 20.7 per cent to Rs 13,129 crore in the second quarter of the current fiscal. In the same period a year ago, it stood at Rs 10,881 crore, according to a statement.

Tech Mahindra’s Chief Executive Officer and Managing Director C P Gurnani described the market conditions as “evolving” and said that supply side challenges continue.