Tech Mahindra Limited — Investor Meet, 20-01-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Tech Mahindra's Q3 FY26 financial results show strong momentum. Revenue grew 1.7% QoQ in constant currency to Rs. 14,393 Cr. Operating margins expanded by 100 bps QoQ to 13.1%, marking the ninth consecutive quarter of margin expansion, driven by operational improvements. Deal wins reached a five-year high of $1,096 million (approx. Rs. 9,200 Cr), including a significant $500 million (approx. Rs. 4,200 Cr) telecom deal in Europe. The Communications vertical is stabilizing and expected to lead growth into FY27, while Manufacturing, Retail, Travel, and Logistics also performed well. Management expresses confidence in achieving higher-than-peer growth and 15% EBIT margins by FY27.