Tech Mahindra Q3 Results: Best IT Company Earnings This Quarter? TechM Reports 14% YoY Surge To Rs 1,122 Crore

Tech Mahindra, the leading tech player from Mahindra Group, has just outperformed giants like TCS, HCL Technologies, Infosys and Wipro who saw about 7% to 12% decline in their net profits due to statutory impact of new labour codes. But this was not the case with Tech Mahindra. This Mahindra tech company reported a whopping 14.1% YoY growth in consolidated net profit to Rs 1,122 crore, owing to robust margin expansion.

In the quarter under review, Tech Mahindra's revenue surged by 8.3% YoY to Rs 14,393 crore. While EBIT rose by 40.1% YoY to Rs 1,892 crore, and EBIT margins expanded to 13.1%.

"Our deal wins on an LTM basis are the highest we have achieved in the past five years, reflecting an improved deal-win run-rate over the past several quarters. The momentum is a testament to our sustained investments in sales, solution-oriented go-to-market approach and the growing relevance of our AI-led offerings in addressing client needs. Together, these efforts are laying a strong foundation for long-term value creation," said Mohit Joshi, CEO and Managing Director, Tech Mahindra.

In dollar terms, Tech Mahindra's revenue stood at $1,610 million, up by 1.5% QoQ and 2.7% YoY in constant currency. Also, new deal wins stood at $1,096 million, registering an upside of 47.0% YoY and up 34.3% QoQ.

However, during the quarter, Tech Mahindra's total headcount slipped by 872 people year-on-year to 149,616. The IT attrition rate is at 12.3%.

Looking ahead, Rohit Anand, Chief Financial Officer, Tech Mahindra said, "This quarter reflects a well-rounded financial performance, marked by ninth consecutive quarter of margin expansion and continued strength in cash generation. A sustained focus on working capital discipline has led to improved cash flows and a meaningful improvement in DSO, driven by consistent execution. We remain on track in our progress toward our FY27 goals."

Tech Mahindra offers technology consulting and digital solutions to global enterprises across industries, enabling transformative scale at unparalleled speed. With 149,000+ professionals across 90+ countries helping 1100+ clients, Tech Mahindra provides a full spectrum of services including consulting, information technology, enterprise applications, business process services, engineering services, network services, customer experience & design, AI & analytics, and cloud & infrastructure services.