Latest News | TechM Q3 Net Profit Up 89 Pc at Rs 989 Cr

Mumbai, Jan 17 (PTI) IT services exporter Tech Mahindra on Friday reported an 89 per cent jump in the December quarter net profit at Rs 989 crore.

The Mahindra group company's performance was impacted in the year-ago period, and it had reported a net profit of Rs 524 crore in the year-ago period.

Also Read | Shillong Teer Results Today, January 17 2025: Winning Numbers, Result Chart for Shillong Morning Teer, Shillong Night Teer, Khanapara Teer, Juwai Teer and Jowai Ladrymbai.

For the reporting quarter, its revenue from operations increased by 1.4 per cent to Rs 13,286 crore, while the cost of services were down by 5.1 per cent at Rs 9,456 crore.

The operating profit margin expanded to 13.6 per cent, as against 13.1 per cent in the quarter-ago period and 8.8 per cent in the year-ago period.

Also Read | RPF Constable Recruitment 2025: Application Status for 4,208 Constable Vacancies Released at rrbapply.gov.in, Get Direct Link and Know Steps To Check Status.

The company scrip closed 1.81 per cent down at 1,658.85 a piece on the BSE on Friday, as against a 0.55 per cent correction on the benchmark sensitive index Sensex.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)