Leading IT firm Tech Mahindra has reported its first quarter financial results for the fiscal year 2010-11.

Tech Mahindra has declared that net profit has gone up by 10% in the quarter under review against the similar quarter for the previous financial year.

The company has posted a net profit of Rs 144 crore for the quarter that ended in 30th June, 2010. The company has registered a net profit of Rs 131.6 crore in the April-June quarter of quarter in the previous year.

In a filing, the company has informed this at the Bombay Stock Exchange. It has also reported that its total has gone up in this quarter.

The total income of the company has gone up to Rs 1,158.96 crore during the June quarter of fiscal year 2010-11. For the same quarter in the preceding year it was reported to be Rs 1,086.9 crore.

Chairman of Tech Mahindra Mr. Anand Mahindra has revealed that the company has always tried to respond quickly to customer needs during the demand resurgence and it has been the major part of its success.