Tech Mahindra Q3 net up 14% at Rs 856 cr

In dollar terms, net profit was up 11.4% to $126.3 mn, while revenue was up 10% to $1,116.1 mn

Tech Mahindra managed to beat Street expectations in its third quarter results for FY17. 

Net profit at Rs 856 crore was up almost 14% on a year-on-year basis and sequentially up 32%. Revenue grew 12.7% on a year-on-year at Rs 7,557 crore. 

The net profit for Tech Mahindra has been declining for the last three quarters. 

The big positive was a strong US dollar revenue growth that came in at 4% at $1,116 million on a sequential basis, these numbers were up 5% in constant currency basis. Tech Mahindra’s dollar revenue growth is best among its Indian peers.