Tech Mahindra’s net Q3 profit up by 14.3% to Rs 1309.8 crore

IT services firm Tech Mahindra on Friday reported a 14.3 per cent rise in its consolidated net profit at Rs 1,309.8 crore for the December 2020 quarter.

The Mumbai-based firm had registered a net profit (attributable to owners of the company) at Rs 1,145.9 crore in the year-ago period, Tech Mahindra said in a statement.

However, its revenue from operations was almost flat at Rs 9,647.1 crore in the quarter under review from Rs 9,654.6 crore in the year-ago period, it added.

Sequentially, Tech Mahindra’s net profit was up 23 per cent (from Rs 1,064.6 crore), while revenue was higher by 2.9 per cent (from Rs 9,371.8 crore in September 2020 quarter).

Earnings per share (EPS) was at Rs 14.9.