Mumbai: IT major Tech Mahindra on Monday reported an increase of 10.17 per cent in its consolidated net profit for the third quarter of 2017-18.

According to the IT major, its net profit during the quarter under review increased to Rs 943.1 crore from Rs 856 crore reported for the corresponding period of the previous fiscal.

"Our focus on digital transformation, continuous reskilling of our workforce to meet the future demands of our market space is showing encouraging results. The Q3 results also demonstrate our focus on execution, which is key in an otherwise unpredictable macro business environment," Vineet Nayyar, Vice Chairman, Tech Mahindra, said in a statement.