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Revenue for the quarter is estimated to increase 1.5% QoQ to ₹14,209 crore from ₹13,995 crore, while dollar revenue is projected at $1,593 million, up 0.5% QoQ from $1,586 million.
EBIT margin is estimated at 12.7% for Q3FY26, compared with 12.1% in the previous quarter. A CNBC TV18 poll suggests constant currency revenue growth of 0.6% QoQ, indicating softish revenue growth, while margin expansion is expected to continue.
Also Read: 'Trim your positions', CLSA advises on IT stocks; downgrades HCLTech, Tech Mahindra
Tech Mahindra’s EBIT margin has steadily improved over the last six quarters, rising from 8.5% in Q1FY25 to 12.7% in Q3FY26.
| Quarter | EBIT % |
|---|---|
| Q1FY25 | 8.5% |
| Q2FY25 | 9.6% |
| Q3FY25 | 10.2% |
| Q4FY25 | 10.5% |
| Q1FY26 | 11.1% |
| Q2FY26 | 12.1% |
For FY27, the company maintains guidance for growth above the industry average and an EBIT margin of around 15%. While growth in FY27 is expected to surpass FY26 levels, it may be muted relative to initial expectations.
On Wednesday (January 14), shares of Tech Mahindra Ltd ended at ₹1,592.00, down by ₹21.05, or 1.30%, on the BSE.
Also Read: Tech Mahindra Q1 Results: Constant currency revenue falls more than expected, margin improves
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