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Tech Mahindra Q3 net profit increases 13% QoQ

Tech Mahindra, has posted 12.79% QoQ increase in consolidated profit at Rs.943.06 crore for the quarter ended December 31,2017. The company has reported a consolidated net profit of Rs.836.15 crore in September quarter.

The company’s revenue from operations grew by 2.2% to Rs.7,776 crore in the December quarter, as against Rs.7,606.4 crore in the previous quarter.

Further, EBITDA for the quarter came at Rs.1,264 crore, while in the last quarter it was at Rs.1,105.7 crore in the September quarter. EBITDA margin was at 16.3%, which is up from 14.5%  QoQ.

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