Tech Mahindra, a specialist in digital transformation, consulting and business re-engineering, reported a rise of 7.20% in consolidated net profit for the quarter ended Jun. 30, 2015. Net profit for the quarter was at Rs 6.76 billion as compared to Rs 6.30 billion in the same period last year.

During the quarter, total income went up 22.91% to Rs 62.94 billion from Rs 51.21 billion in the same period last year.

Analysts, on average, expected Tech Mahindra to report a profit of Rs 6 billion, on revenue of Rs 62.25 billion.

The company has added 392 professionals during the quarter. With this, total headcount was 103,673. Software headcount stood at 71,997 and BPO was at 24,394. Cash and cash equivalent at Rs 33.50 billion as of Jun. 30, 2015. The active client count stood at 770 in first quarter.

Vineet Nayyar, executive vice chairman, Tech Mahindra, said, ''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 the coming quarters.''

C P Gurnani, managing director & CEO, Tech Mahindra said, ''We remain committed to growth from our customers, in line with our promise of serving the Connected World. 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.''

Shares of the company gained Rs 8.1, or 1.59%, to settle at Rs 519.00. The total volume of shares traded was 513,108 at the BSE (Monday).