Tech Mahindra Q3 Results: Revenue up 2.8% even as net profit shows labour-code impact
Tech Mahindra Q3 Results: Revenue of the Mahindra Group firm rose 2.8% over the previous three months to ₹14,393 crore in the quarter ended 31 December 2026.
Tech Mahindra Ltd. clocked its fastest quarterly growth in three years in what is seen as a seasonally weak quarter for India's IT industry, on the back of large deal wins in Europe.
Tech Mahindra CEO Mohit Joshi and CFO Rohit Anand. (Tushar Deep Singh/HT)
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Revenue of the Mahindra Group company rose 2.8% over the previous three months to ₹14,393 crore in the quarter ended 31 December 2026, according to an exchange filing on Friday (16 January 2026). That compares with the ₹14,160.39-crore estimate of analysts tracked by Bloomberg.
Tech Mahindra Q3 Results 2025-26 (Cons, QoQ)
Revenue up 2.8% at ₹14,393 crore (Estimate: ₹14,160.39 crore)
EBIT up 11.3% at ₹1,892 crore (Estimate: ₹1,768.97 crore)
EBIT margin up 100 bps at 13.1% (Estimate: 12.49%)
Net profit down 6.1% at ₹1,122 crore (Estimate: Rs.1,372.90 crore)
One basis point is one-hundredth of a percentage point.
The company has reported a one-time cost of ₹272 crore to its bottom-line due to the implementation of India's new Labour Codes.
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On Friday, Tech Mahindra shares rose 5.17% to ₹1670.55 apiece on the BSE even as the benchmark Sensex ended the day 0.23% higher at 83,570.35 points.
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On Friday, Tech Mahindra shares rose 5.17% to ₹1670.55 apiece on the BSE even as the benchmark Sensex ended the day 0.23% higher at 83,570.35 points.
Tushar Deep Singh is a business journalist and digital editorial leader with 12 years of experience in financial journalism. Currently Assistant Editor at Hindustan Times, he is building the HT Business vertical and managing the newsletters for both Livemint and HT. When not in the newsroom, he can be found on a motorcycle. Throughout his career, Tushar has been instrumental in scaling digital publishing operations at some of India’s largest financial news websites. His six-year tenure at Mint—the first job—saw him plunge into online media to deliver record-breaking digital engagement for Livemint.com, including 7.2 million page views on 2017 UP Election Results day. He held fort at Livemint during a senior-level leadership transition later that year. That won him the HT Media Star Award (Bronze) in 2017 and a Certificate of Appreciation for Editorial Excellence in 2018. As the head of the digital desk at ETtech, he curated two daily, full-stack newsletters from an editorial as well as product perspective. At NDTV Profit, he transitioned from website editor to principal correspondent, reporting on the auto sector for the TV channel and website, thereby adding yet another layer to his editorial expertise. He is a post-graduate in journalism from Xavier Institute of Communications, Mumbai, and a graduate from St. Xavier's College, Ahmedabad.
