Tech Mahindra reported a 20.5% sequential growth in net profit to Rs 1,353.8 crore and a 4.7% growth in revenue to Rs 15,076.1 crore for the March quarter, driven by a ramp-up in revenue and favourable currency exchange. The company’s EBIT margin was up 70 basis points quarter-on-quarter to 13.8%, and EBIT was up sequentially 10.2% to Rs 2,084 crore. Tech Mahindra’s revenues beat Bloomberg’s estimates of Rs 14,784, but fell short of profit estimates of Rs 1,511 crore and EBIT of Rs 2,491 crore. In dollar terms, revenue rose by 0.9% q-o-q to $1,625 million.