The revenue for this quarter is anticipated to rise by 1.5% QoQ to ₹14,209 crore, up from ₹13,995 crore, while dollar revenue is expected to reach $1,593 million, a 0.5% increase from $1,586 million.
EBIT margin is forecasted to be 12.7% for Q3FY26, in contrast to 12.1% in the preceding quarter. A CNBC TV18 survey indicates a constant currency revenue growth of 0.6% QoQ, suggesting moderate revenue growth, while margin expansion is likely to persist.
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Tech Mahindra’s EBIT margin has consistently improved over the past six quarters, growing 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 continues to project growth exceeding the industry average and an EBIT margin of approximately 15%. While growth in FY27 is expected to surpass FY26 levels, it may be lower than initial forecasts.
On Wednesday (January 14), Tech Mahindra Ltd shares closed 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
