Tech Mahindra posted an “ok” kind of numbers for Q3FY16, largely meeting analyst expectations. Its revenue rose 1.3% sequentially to Rs.6701 crore. EBITDA was up 3.2% at Rs.1136 crore and consolidated net profit came in at Rs.759 crore, down 3.4%. The lower topline and then lower other income curtailed growth of net profit. EBITDA margin was up 71 bps at 14.36%. Other income showed a sharp 61% drop.

In dollar terms, revenue was up 4% at US$1015 million and EBITDA was up 1% at $172 million. Currently its total headcount stands at 107,137 – it added 1,902 professionals during the quarter. Active client count was at 801v/s 788 in Q2. Its cash balance showed a sequential rise of Rs.1448 crore to Rs.4940 crore.

Attrition remained stable at 20% and in terms of geographical breakup – Americas contributed 47.8% to revenue, Europe was at 28.9%, RoW was at 23.2%. And in terms of its verticals, biggest contributor to revenue is communication at 51%, Manufacturing at 17%, Technology/media’\/entertainment at 7%, BFSI at 10% and Retail/transport/logistics at 7%.