BENGALURU: Tech Mahindra Ltd, India's fifth biggest software services exporter, on Monday reported an about 7 percent increase in first-quarter net profit, beating estimates, helped by higher revenue from its IT segment.
Profit for the three months ended June 30 stood at 7.99 billion rupees, compared with 7.49 billion rupees last year.
Total revenue rose about 8 percent to 77.47 billion rupees.
Analysts on average had expected a profit of 6 billion rupees, Thomson Reuters data showed.
Revenue from its IT segment rose about 7 percent to 68.63 billion rupees.