Revenue rose 3.49 per cent to 133.13 billion rupees ($1.58 billion) for its financial second quarter from the same period last year, beating analysts' average estimate of 131.9 billion rupees, according to data compiled by LSEG.
Tech Mahindra continued to see weakness in its communications segment, which contributes a third of overall revenue.
Higher borrowing costs along with macroeconomic and geopolitical risks have prompted clients to curb their spending on discretionary tech spending.
Net profit increased 153 per cent to 12.5 billion rupees ($149 million), aided by the one-time gain by the sale of land, and along with furniture and fixtures, leading to other income of 5.2 billion rupees.
Tech Mahindra's order bookings fell to $603 million from $640 million in the same quarter last year.

India's Tech Mahindra beats July-Sept revenue view