Tech Mahindra Posts Profit of ` 2,963 mn in Q2’13

Tech Mahindra posted a net profit of 2,963 mn in Q2’13 as against 3,385 mn in Q2’13, dip by 12.4% sequentially. While its net profit increased by 23% y-o-y in the second quarter 2012-13 from 2,405 mn in Q2’12 to 2,963 mn in Q2’13. The company recorded a consolidate revenue of 16,314 mn up by 22% y-o-y and operating profit (EBITDA) at 3,377 mn, up by 65% y-oy. The key deals won by the company during this quarter include Royal KPN, managed services contract from a leading telco in the UK.