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Tech Mahindra Q3 profit rises over 10 percent

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Reuters

(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. http://bit.ly/2rNOZJi

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)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Jan 29 2018 | 4:27 PM IST

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