NEW DELHI: Tech Mahindra on Monday reported 12.79 per cent quarter-on-quarter rise in consolidated profit at Rs 943.06 crore for the quarter ended December 31, 2017. Analysts in an ETNow poll had estimated a net profit of Rs 787.6 crore.The company had posted a consolidated net profit of Rs 836.15 crore in September quarter.The IT firm's revenue stood at of Rs 7,776 crore in the quarter under review, which was in line with ETNow poll of Rs 7,765 crore.Ebitda for December came in at Rs 1,264 crore against Rs 1,105.7 crore in September quarter. ETNow poll had pegged Q3 ebitda at Rs 1,178 crore. Our commitment to 'DAVID' strategy (digitization, automation, verticalization, innovation, disruption) has yielded marquee deals in the digital space. I am confident we will continue to deliver connected experience across markets and industries we serve."

Source: Economic Times January 29, 2018 10:24 UTC