Tech Mahindra Q3 beats forecast, net falls 7% to Rs 276 cr

Written By Unknown on Rabu, 06 Februari 2013 | 18.00

Software services exporter Tech Mahindra 's consolidated net profit fell nearly 7 percent quarter-on-quarter, beating analysts' expectations, to Rs 275.8 crore in the third quarter of financial year 2012-13.

Consolidated income from operations increased nearly 10 percent to Rs 1,791 crore from Rs 1,631 crore during the same period.

Numbers were better-than-expectations on every parameter. Analysts on an average were expecting net profit at Rs 235 crore on revenues of Rs 1,750 crore for the quarter.



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