BENGALURU (Reuters) – India’s 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.
($1 = 82.6710 Indian rupees)
(Reporting by Ashish Chandra in Bengaluru; Editing by Janane Venkatraman)
