October 30, 2018 / 10:19 AM / 22 days ago

India's Tech Mahindra Q2 profit jumps over 27 pct, tops estimates

Oct 30 (Reuters) - Software services exporter Tech Mahindra Ltd posted a better-than-expected 27.3 percent rise in second-quarter net profit on Tuesday, as it clocked more deals in the July-September period.

Net profit was 10.64 billion rupees ($144.51 million) in the three months ended Sept. 30, compared with 8.36 billion rupees a year earlier, the Pune-based company said - here

Twenty-four analysts on average had expected a quarterly profit of 10.04 billion rupees, according to Refinitiv data.

Revenue from operations increased 13.5 percent to 86.30 billion rupees. ($1 = 73.6300 Indian rupees) (Reporting by Krishna V Kurup in Bengaluru; Editing by Subhranshu Sahu)

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