Tech Mahindra Q3 Results 2025 Live Updates: Tech Mahindra, the IT services company, is set to announce its Q3 results today. The company is expected to post muted earnings in the third quarter of FY25 on a sequential basis, with market participants focusing on the demand environment, deal pipeline and update on telecom verticals. Tech Mahindra is estimated to report a 103% year-on-year (YoY) jump in its Q3FY25 net profit. On a sequential basis, net profit is expected to fall 17%. The company’s revenue in the quarter ended December 2024 is estimated to remain flat due to seasonality in CME and enterprise, currency, and furlough headwinds. Analysts expect steady deal TCV in Q3, driven by a slight improvement in the demand environment. Margins are also expected to be flat QoQ. The outlook on margin and growth in the CME and BFS verticals will be the key monitorable. Stay tuned to our Tech Mahindra Q3 Results 2025 Live blog for the latest updates.
Tech Mahindra Q3 Results Live: KIE’s earnings projections for Tech Mahindra
We forecast moderate growth of 0.5% QoQ in CC. Growth will be led by the ramp-up of improving deal wins. Growth will be marginally lower than the earlier quarter due to a lack of seasonal kicker in BPO. We expect a 40 bps increase in EBIT margin, resulting from the benefits of Project Fortius. Margin expansion could have been higher but for currency headwinds. We forecast net new deal wins of US$700 million, an improvement QoQ and a material increase YoY. More importantly, new deals are won at higher margins. We expect a solid FY2025E in terms of profitability. The focus will be on the revenue acceleration path in FY2026.
Tech Mahindra Q3 Results Live: Tech Mahindra stock trades 0.7% lower ahead of earnings
Tech Mahindra share price dropped 0.68% to ₹1,676.10 on the NSE ahead of the Q3 results announcement. While the company is expected to post 100% growth in PAT, revenue growth is seen to be flat.
Tech Mahindra Q3 Results Live: A look at Tech Mahindra’s performance in December 2023 quarter
Tech Mahindra reported a 61% year-on-year decline in net profits, which dropped to ₹510.4 crore in the December 2023 quarter, compared to ₹1,296.6 crore in Q3FY23. Revenue from operations decreased by 4% year-on-year, from ₹13,734.6 crore in Q3FY23 to ₹13,101.3 crore in the current quarter.
On a sequential basis, Tech Mahindra saw a modest 3% increase in net profits, which stood at ₹494 crore for the quarter ending September 2023. Revenue grew by 2% quarter-on-quarter, from ₹12,864 crore in Q2FY24.
Tech Mahindra Q3 Results Live: MOSL’s expectations from Tech Mahindra’s Q3 earnings today
- Revenue growth may stay flat in 3Q due to seasonality in CME and enterprise, currency, and furlough headwinds. While the communications vertical has stabilized, recovery may take time.
- We expect steady deal TCV in 3Q, driven by a slight improvement in the demand environment.
- Margins are expected to be flat QoQ. We expect cost control efforts (e.g., reduced sub-con costs) under Project Fortius to be offset by the impact of furloughs and currency headwinds.
- The outlook on margin and growth in the CME and BFS verticals will be the key monitorable.
Tech Mahindra Q3 Results Live: Key things to track in TechM’s Q3 results
- Update on CEO’s turnaround efforts; any large deal wins and impact of Project Fortius on margins.
- Visibility of growth trajectory/margin outlook for the rest of FY25.
- Update and outlook in the Communication vertical post-US elections and rate cut; update on deal pipeline/TCV.
Tech Mahindra Q3 Results Live: JM Financial’s expectations from Tech Mahindra Q3 results today
- PAT could grow 102.9% to ₹10,356 crore YoY; revenue seen up by 1.5%
- We expect TechM to report 0.3% CC growth. A 120bps currency headwind should result in a -0.9% USD revenue.
- estimate similar growth across Telecom and non-Telecom. Comviva in Telecom and BPO in Enterprise will help offset furloughs.
- Expect 10bps sequential improvement in EBIT margin. Margin improvement is driven largely by project Fortius.
Tech Mahindra Q3 Results Live: Nuvama sees 103% PAT growth
Nuvama sees 103% YoY growth in PAT to ₹1037.69 crore while revenue could grow 1.3% YoY to ₹13273.2 crore. TechM shall report 0.1% QoQ CC and -0.9% QoQ in USD.
The telecom segment is likely to remain flat due to positive Comviva seasonality. Margins shall remain flat QoQ, benefitting from efficiency measures, which the furlough impact will offset, said the brokerage.
Deal-wins are likely to be higher than Q2, according to Nuvama’s estimates.
Tech Mahindra Q3 Results Live: Tech Mahindra shares trade marginally lower
Tech Mahindra share price was marginally down in the morning session on Friday ahead of the Q3 earnings announcement.
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Tech Mahindra Q3 Results Live: IT major to declare Q3 results today
Tech Mahindra Q3 Results Live: Tech Mahindra, the IT services company, is set to announce its financial results for the third quarter of FY25 today. The meeting of the board of directors of Tech Mahindra is scheduled for today, January 17, to approve the financial results for Q3FY25.
