<p>Mumbai/Bengaluru: IT services exporter <a href="https://www.deccanherald.com/tags/tech-mahindra">Tech Mahindra </a>on Friday reported an 89 per cent jump in the December quarter net profit at Rs 989 crore.</p><p>The Mahindra group company's performance was impacted in the year-ago period, and it had reported a net profit of Rs 524 crore in the year-ago period.</p><p>For the reporting quarter, its revenue from operations increased by 1.4 per cent to Rs 13,286 crore, while the cost of services were down by 5.1 per cent at Rs 9,456 crore.</p>.Tech Mahindra aiming for bigger bite of bank tech spends, CEO says.<p>The operating profit margin expanded to 13.6 per cent, as against 13.1 per cent in the quarter-ago period and 8.8 per cent in the year-ago period.</p><p>The company scrip closed 1.81 per cent down at 1,658.85 a piece on the BSE on Friday, as against a 0.55 per cent correction on the benchmark sensitive index Sensex.</p>
<p>Mumbai/Bengaluru: IT services exporter <a href="https://www.deccanherald.com/tags/tech-mahindra">Tech Mahindra </a>on Friday reported an 89 per cent jump in the December quarter net profit at Rs 989 crore.</p><p>The Mahindra group company's performance was impacted in the year-ago period, and it had reported a net profit of Rs 524 crore in the year-ago period.</p><p>For the reporting quarter, its revenue from operations increased by 1.4 per cent to Rs 13,286 crore, while the cost of services were down by 5.1 per cent at Rs 9,456 crore.</p>.Tech Mahindra aiming for bigger bite of bank tech spends, CEO says.<p>The operating profit margin expanded to 13.6 per cent, as against 13.1 per cent in the quarter-ago period and 8.8 per cent in the year-ago period.</p><p>The company scrip closed 1.81 per cent down at 1,658.85 a piece on the BSE on Friday, as against a 0.55 per cent correction on the benchmark sensitive index Sensex.</p>