Mumbai, Oct 20 : Software major Tech Mahindra Tuesday reported a 20.6 percent increase in its net profit for the quarter ended Sep 30 to Rs. 169 crore, while its revenues grew 2.6 percent to Rs. 1,142 crore during the same period.

"We have managed to achieve our objectives on both revenue and margin front," said Sanjay Kalra, chief executive of Tech Mahindra.

The numbers do not include Mahindra Satyam financials since its books of accounts are being restated, the company said in a regulatory statement.

The company also said it had increased its head count from 25,482 in June 2009 to 26,515 in September 2009.(IANS)