Tech Mahindra Q2 net rises 5.6% at ₹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 quarter ended September 30 compared with Rs 1,064 crore in the corresponding period last year.

Tech Mahindra also announced that it will acquire US-based Born Group at an enterprise value of $95 million (approximately ₹671 crore).

Revenues from operations grew 5.1 per cent to Rs9,070 crore in the quarter under review from ₹8,629.8 crore in the year-ago period.