India's Tech Mahindra beats quarterly revenue estimate

Tech Mahindra

16/01/2026 10:32

BENGALURU, Jan 16 (Reuters) -    Indian software services provider Tech Mahindra TEML.NS reported larger-than-expected third-quarter revenue on Friday, aided by a pickup in the banking and manufacturing segments.

Revenue at India's fifth-largest IT firm rose 8.3% to 143.93 billion rupees ($1.58 billion) in the three months ended December 31. Analysts, on average, expected revenue of 141.58 billion rupees, according to data compiled by LSEG.

($1 = 90.8340 Indian rupees)

 (Reporting by Sai Ishwarbharath B; Editing by Sonia Cheema)

 ((saiishwarbharath.b@thomsonreuters.com;))