Tech Mahindra Q3 profit surges 92.63% – Here’s what’s powering the big jump

IT major Tech Mahindra’s Q3 profit skyrocketed 92.63 per cent to Rs 983.2 crore in comparison to Rs 510.4 crore posted during the same period of previous financial year. Though sequentially there is a drop in Q3 profit from Rs 1257.50 crore recorded in Q2FY25, one of the big contributors to the profit growth on Year-on Year basis could be new deals TCV which went up by 95.4% to $745 million.