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Why Tech Mahindra's turnaround is still a distant dream
Mint Hyderabad
|January 22, 2025
Tech Mahindra Ltd's 3-year transformation journey under chief executive Mohit Joshi is progressing.
Tech Mahindra Ltd's 3-year transformation journey under chief executive Mohit Joshi is progressing. The firm is focusing on some large deals and stringent cost controls to achieve its FY27 targets of a 15% Ebit margin and revenue growth above the industry average.
Three quarters (Q4FY24-Q3FY25) into this journey, the firm has achieved 1.0% constant currency revenue compound quarterly growth rate (CQGR), versus an average 1.6% decline in the preceding four quarters, JM Financial Institutional Securities Ltd said. In this period, margins expanded by 280 basis points (bps).
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