Tech Mahindra Q3 net up 15% at Rs 276 cr

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Tech Mahindra Q3 net up 15% at Rs 276 cr

Tech Mahindra, a part of Mahindra group, reported a consolidated net profit of Rs 276 crore in the October-December quarter of FY12, a growth of 15% as compared to Rs 240 crore in the previous quarter.

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Tech Mahindra , a part of Mahindra group, reported a consolidated net profit of Rs 276 crore in the October-December quarter of FY12, a growth of 15% as compared to Rs 240 crore in the previous quarter.

Consolidated net sales rose 8.4% to Rs 1,445 crore from Rs 1,333 crore quarter-on-quarter.

Numbers were less than analysts' expectations. CNBC-TV18 poll saw software services provider's profit after tax of Rs 281.45 crore and revenues of Rs 1,501 crore.