"Our results are in line with our expectations, but we sense traction across our markets and remain hopeful of improving our performance by expanding our business in coming quarters," Executive Vice Chairman Vineet Nayyar said.

In dollar terms, net profit was up 1.2 percent year-on-year at USD 106 million, while revenue grew 15.7 percent to USD 989 million. IT accounted for Rs 5,843.23 crore of the revenues, while BPO contributed Rs 450.59 crore in the added quarter.

"Our strategic investments and initiatives across Digital are resonating well with the businesses we serve and holds potential to deliver opportunities that we can leverage upon," Tech Mahindra Managing Director and CEO C P Gurnani stated.

Tech Mahindra added 392 professionals during the quarter, taking its total headcount to 1,03,673 people. Of this, software headcount accounted for 71,997 people, while the number of BPO professionals stood at 24,394. Its cash and cash equivalent was at Rs 3,350 crore as of June 30, 2015. Tech Mahindra shares closed at Rs 519 apiece, up 1.59 percent from its previous close on the BSE.

Latest News  from Business News Desk