Tech Mahindra Profit Falls 4% As Higher Expenses Offset Rise In Revenue

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Tech Mahindra Profit Falls 4% As Higher Expenses Offset Rise In Revenue

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Tech Mahindra reported a 3.98% fall in second-quarter profit. (File)

Bengaluru:

Tech Mahindra reported a 3.98% fall in second-quarter profit on Tuesday, as higher expenses offset the rise in revenue.

The company’s consolidated net profit fell to 12.85 billion Indian rupees ($155.44 million) as total expenses rose 26.73% to 117.41 billion rupees for the three months ended Sept. 30.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

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