<p>Tech Mahindra on Tuesday reported a 4 per cent increase in consolidated post tax profit to Rs 1,285 crore in the September quarter.</p>.<p>The country's fifth largest IT services exporter had reported a net profit of Rs 1,339 crore in the year-ago period.</p>.<p>The company's overall revenue rose 20.7 per cent to Rs 13,129 crore in the second quarter of the current fiscal. In the same period a year ago, it stood at Rs 10,881 crore, according to a statement.</p>.<p>Tech Mahindra's Chief Executive Officer and Managing Director C P Gurnani described the market conditions as "evolving" and said that supply side challenges continue.</p>.<p>It reported a total contract value of newly signed deals at USD 716 million for the September quarter as against USD 750 million in the year-ago period and USD 802 million in the preceding June quarter.</p>.<p>The company added over 5,000 people to its headcount during the latest September quarter, taking the overall employee base to 1.63 lakh.</p>.<p>Shares of the company closed 0.43 per cent higher at Rs 1.068.10 apiece on the BSE on Tuesday as against gains of 0.62 per cent on the benchmark.</p>
<p>Tech Mahindra on Tuesday reported a 4 per cent increase in consolidated post tax profit to Rs 1,285 crore in the September quarter.</p>.<p>The country's fifth largest IT services exporter had reported a net profit of Rs 1,339 crore in the year-ago period.</p>.<p>The company's overall revenue rose 20.7 per cent to Rs 13,129 crore in the second quarter of the current fiscal. In the same period a year ago, it stood at Rs 10,881 crore, according to a statement.</p>.<p>Tech Mahindra's Chief Executive Officer and Managing Director C P Gurnani described the market conditions as "evolving" and said that supply side challenges continue.</p>.<p>It reported a total contract value of newly signed deals at USD 716 million for the September quarter as against USD 750 million in the year-ago period and USD 802 million in the preceding June quarter.</p>.<p>The company added over 5,000 people to its headcount during the latest September quarter, taking the overall employee base to 1.63 lakh.</p>.<p>Shares of the company closed 0.43 per cent higher at Rs 1.068.10 apiece on the BSE on Tuesday as against gains of 0.62 per cent on the benchmark.</p>