Tech Mahindra fourth-quarter profit doubles, beats estimate

Reuters 

(Reuters) - Indian Ltd on Friday posted a more than two-fold rise in fourth-quarter profit, helped by a rise in deal wins during the period.

Net profit rose to 12.22 billion rupees ($180.32 million) in the three months ended March 31, from 5.88 billion rupees a year earlier, said https://bit.ly/2xaZc5b on Friday.

Analysts on average had expected a profit of 9.34 billion rupees, according to data.

Revenue from operations rose 7.5 percent to 80.55 billion rupees.

($1 = 67.7700 Indian rupees)

(Reporting by Tanvi Mehta in Bengaluru; Editing by Vyas Mohan)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, May 25 2018. 15:56 IST