Tech Mahindra Ltd
Tech Mahindra Q3 FY26 earnings call: Revenue & Margins
Q3 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
Tech Mahindra aims for long-term growth across all verticals, not just next year. Tech Mahindra aims to grow across verticals with strong focus on Manufacturing, Retail, CPG, Travel, Transportation, Logistics, and BFSI sectors as medium-to-long-term growth drivers.
From Tech Mahindra Ltd's Q3 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Tech Mahindra aims for long-term growth across all verticals, not just next year.
- Strong growth opportunities expected in Manufacturing, Retail, CPG, Travel, Transportation, and Logistics segments.
- BFSI vertical expected to be a medium to long-term growth driver as capabilities and talent ramp up.
- Manufacturing poised for medium to long-term growth with strengths in aerospace, smart factory, and digital transformation.
- Communications vertical expected to grow, supported by large deal wins and consolidation opportunities in Europe and Asia.
- Large deal pipeline remains strong and is expected to sustain momentum through FY27.
- Revenue growth trajectory targeting high single-digit growth in FY27.
2 more points management made on revenue & sales performance
Profitability & Margins
See what Tech Mahindra Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
2 more points management made on capital expenditure plans
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Ranked on what management guided this quarter
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Fundraising & Capital Structure
See what Tech Mahindra Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- Tech Mahindra reported strong deal bookings over the last four quarters, with total deal wins in the recent quarter standing at $1,096 million, reflecting a nearly 48% growth on a last 12-month basis.
- The last twelve months (LTM) deal bookings totaled approximately $3.5 billion.
- Large deal wins, such as a significant $500 million net new telecom deal in Europe, are expected to drive growth, with ramp-up beginning early in FY27.
- The deal pipeline remains strong and healthy, although deal wins can be lumpy quarter-to-quarter.
- Management expressed confidence in sustaining or improving deal win momentum, supporting revenue growth targets for FY27 and beyond.
2 more points management made on order book & pipeline
Tech Mahindra Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹15.1K Cr, net profit ₹1.4K Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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Frequently Asked Questions
What were Tech Mahindra Ltd Q3 FY26 results?
Tech Mahindra aims for long-term growth across all verticals, not just next year. Tech Mahindra aims to grow across verticals with strong focus on Manufacturing, Retail, CPG, Travel, Transportation, Logistics, and BFSI sectors as medium-to-long-term growth drivers.
What is Tech Mahindra Ltd share price analysis?
Tech Mahindra Ltd currently shows a neutral. The stock trades at a P/E of 30.1 with a market cap of ₹160,028 Cr. Investors should review the full earnings analysis for detailed insights.
Is Tech Mahindra Ltd planning capital expenditure?
The provided pages from the Tech Mahindra Limited report (dated January 16, 2026) do not explicitly mention current or future capex, capital investments, or strategic investments in detail.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.