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FY27 growth worries may cap upsides in TechM
Business Standard
|October 16, 2025
Despite a strong Q2, some brokerages cut revenue and earnings estimates for IT firm
Tech Mahindra's (TechM's) performance in the July-September quarter (Q2) of 2025-26 (FY26) was better than Street estimates on both revenue and margin fronts. Deal wins with a total contract value of $815 million were also strong, and the country's fifth-largest information technology services company is now eyeing the $1 billion mark to meet its growth targets.
Despite the solid quarterly performance, some brokerages have trimmed their revenue and earnings estimates for the coming quarters, citing a moderation in growth. The stock, which was marginally down in Wednesday's trade, has shed over 7.5 per cent in the past three months.
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