Tech Mahindra Reports Robust Profit Surge with Strategic Gains

Tech Mahindra has announced a significant rise in its net profit, reaching Rs 1,250 crore for the July-September quarter, attributed to asset sales. With strengthened client ties and expanded expertise in AI and cloud technologies, the firm continues strategic growth, aided by Project Fortius.

IT services giant, Tech Mahindra, has reported a more than two-fold increase in its consolidated net profit, tallying Rs 1,250 crore for the July-September period, buoyed by asset sales.

In a strategic move, the Mahindra Group firm boosted its revenue by 3.49%, reaching Rs 13,313.2 crore this quarter.

Amid a soft IT services market, the company has been investing in relationships, leadership, and new skillsets, while eyeing long-term transformation via Project Fortius, set to achieve a 15% operating margin.

(With inputs from agencies.)