Land sale gain lifts Tech Mahindra net 92%

Fifth-largest IT services firm Tech Mahindra on Friday reported a 92.6% year-on-year (YoY) jump in consolidated net profit for the October-December quarter of fiscal year 2025 at Rs 983 crore. Profit was driven by a one-time land sale gain, rupee depreciation and improved rate of deal wins in its key verticals of banking, financial services & insurance (BFSI) and hi-tech & media.