TechM reported an 8.3% sequential increase in net profit to Rs 1,586 crore in the July-September quarter, supported by revenue growth and continued margin expansion, although the figure fell short of Bloomberg’s estimate of Rs 1,643 crore. Revenue rose 3% quarter on quarter to Rs 16,180 crore, beating the Street’s estimate of Rs 16,028 crore, as the IT services major sustained its growth momentum. Earnings before interest, tax, depreciation and amortisation (Ebitda) increased 5% sequentially to Rs 2,879 crore, also ahead of estimates.