Tech Mahindra on Tuesday reported a consolidated net profit of Rs 1,195 crore for the quarter ended September 30, a 4.7 per cent rise on a quarter-on-quarter basis that was lower than analysts’ expectations.
Its revenue grew a better-than-expected 4.8 per cent sequentially to Rs 13,995 crore, exceeding Street estimates.
According to Zee Business research, Tech Mahindra was estimated to clinch a net profit of Rs 1,292 crore with the top line at Rs 13,841 crore.
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Tech Mahindra’s margin — a key measure of profitability — came in at 12.1 per cent for the September quarter, improving from 11.1 per cent three months ago.
Attrition at the IT firm worsened by 20 basis points to 12.8 per cent compared with the previous three months.