Tech Mahindra shares gain 4% to trade near 52-week high after Q3 net profit soar 14% YoY to ₹1,122 crore

It was trading near its 52-week high of ₹1,736.40 per unit, which it had hit on January 24, 2025.

At around 2:01 pm, the stock stood at ₹1,731.70 apiece, up by 3.66%. The stock reached a 52-week low of ₹1,209.40 apiece on April 7, 2025.

The scrip gained over 9% in the past week and nearly 8% over the month. On a year-to-date basis, it has advanced by 8%.

Q3 results

The IT firm reported a 14.12% annual surge in its consolidated net profit to ₹1,122 crore in the third quarter of FY26, compared to ₹983.2 crore it logged in the year-ago period, it said in a regulatory filing on Friday.

The company’s revenue from operations saw an 8.34% year-on-year (YoY) increase to ₹14,393.2 crore during the quarter under review, as against ₹13,285.6 crore in the December quarter of the 2024-25 fiscal year (Q3FY25).

Geographically, the Americas contributed 50.6% to its revenue mix, up 2.1% YoY and 3.1% QoQ. It was followed by the European market, which made up 25.6% of the revenue, marking 11.2% annual and 2.2% sequential growth. The rest of the world (ROW) contributed 23.9% to the revenue, down 4% YoY and 2.3% QoQ.

Segment-wise, the communications vertical made up 33.1% of the revenue mix, followed by manufacturing (18.3%), banking, financial services and insurance (BFSI) (15.5%), technology, media and entertainment (13.2%), retail, logistics and transport (8.7%), healthcare and lifesciences (7.4%), and other verticals (3.7%).

At an operational level, its EBIT (earnings before interest and taxes) stood at ₹1,892 crore, reflecting an 40.1% annual and 11.3% sequential jump.

The firm’s new deal wins jumped 47% to $1.096 billion, the company said, adding that the number is over 34% higher than the September quarter.

“Our deal wins on an LTM basis are the highest we have achieved in the past five years, reflecting an improved deal-win run-rate over the past several quarters,” Mohit Joshi, CEO and Managing Director, Tech Mahindra, said.

Board approves additional investment in NDET

Tech Mahindra’s board also approved an additional investment worth ₹37.5 lakh in the New Democratic Electoral Trust (NDET), thereby increasing its shareholding in NDET from 19.83% to 49.35% of its equity share capital.

Upon completion of this transaction, NDET will become an associate of the firm, it stated.

Tech Mahindra has a total market capitalisation of ₹1.7 lakh crore, as of January 19, 2025, according to data on the NSE.