Tech Mahindra posts Rs 805.3 crore net profit in Q3

Tech Mahindra today reported a 20.25 per cent drop in its December quarter net at Rs 805.3 crore due to currency losses and wage hikes. The IT services provider had posted a post-tax profit of Rs 1,009 crore in the year ago period. Overall revenue grew to Rs 5,751.17 crore in the third quarter under review, up from Rs 4,898.5 crore in the year-ago period. The operating profit was also up at Rs 1,160 crore as against Rs 1,136 crore last year.

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