INSUBCONTINENT EXCLUSIVE:
Tech Mahindra said its revenue from operations increased 13.5% to Rs 8,630 crore in Q2Software services exporter Tech Mahindra posted a
better-than-expected 27.3 per cent rise in second-quarter net profit on Tuesday, as it clocked more deals in the July-September period.Net
profit was Rs 1,064 crore ($144.51 million) in the three months ended September 30, compared with Rs 836 crore a year earlier, the
Pune-based company said.Twenty-four analysts on average had expected a quarterly profit of Rs 1,004 crore, according to Refinitiv
data.Revenue from operations increased 13.5 per cent to Rs 8,630 crore.Shares in Tech Mahindra closed 3.1 per cent higher on the NSE, whose
benchmark index Nifty finished 0.5 per cent lower, ahead of the earnings announcement by the IT company.($1 = Rs 73.63)
