"We feel the first quarter is the bottom for us from a margin standpoint and as we look forward towards the next few quarters, and assuming the macro stays where it is, we should be able to drive margin expansion every quarter. We will expand margins in the second, third and fourth quarters of this year,"Tech Mahindra chief financial officer Rohit Anand told FE in an interview.
For the first quarter ended June, the Mahindra & Mahindra group company posted an operating margin of 11%, down from 13.2% in the sequential fourth quarter and 15.2% in the year-ago period.
The size of large deals has doubled from $400 million a quarter to $800 million-$1 billion. In case of many of the large projects, profitability starts increasing by 1824 months, while the first 12-18 months are relatively weaker.
This story is from the August 08, 2022 edition of Financial Express Mumbai.
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This story is from the August 08, 2022 edition of Financial Express Mumbai.
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