Software services exporter Tech Mahindra Ltd posted on Monday a lower-than-expected first-quarter profit, dented by higher expenses.
The company's net profit rose to 8.98 billion rupees ($130.80 million) in the quarter ended June 30, from 7.99 billion rupees, a year earlierAnalysts on average had expected a net profit of 9.08 billion rupees, according to estimates compiled by Thomson Reuters.
Expenses for the quarter rose 8.2 percent to 72.31 billion rupees.
Thomson Reuters 2018(Except for the headline, this story has not been edited by TheIndianSubcontinent staff and is published from a syndicated feed.)