Tech Mahindra witnesses three-fold jump on March quarter net profit at Rs 302.5 cr

NEW DELHI: IT company Tech Mahindra has witnessed over three-fold jump in its net profit to Rs 302.5 crore for the quarter ended March 31, 2012, as against Rs 92.1 crore in the same period last year.

During the reported quarter, the revenues of the company increased 12.5 per cent to Rs 1,419 crore from Rs 1,261.5 crore in the year-ago period.

For the year ended March 31, 2012, the company's net profit increased 70 per cent to Rs 1,095.4 crore from Rs 644.1 crore. Revenues in fiscal 2012 stood at Rs 5,489.7 crore, higher 6.7 per cent from Rs 5,140.2 crore in 2010-11.

As of March 31, 2012, the total headcount stood at 40,763 as of March 31, 2012, with software professional headcount at 24,833.

Number of BPO professionals stood at 14,792, while support staff was 1,138 at the end of March 2012.