Preview: India's Tech Mahindra rises ahead of Q3 results

Tech Mahindra

16/01/2026 04:34

** IT services provider Tech Mahindra TEML.NS up 2.4% to 1,627 rupees ahead of Q3 results

** Analysts expect TEML's quarterly consol net profit to rise 41.2% to 13.89 bln rupees ($153.7 mln), rev to grow 6.6% to 141.58 bln rupees - LSEG data

** Ambit Capital notes FY26 EBIT margin trajectory appears on track, with exit at 13%+, anything below could be taken negatively

** TEML's USD rev expected to grow 0.4% Q/Q, driven by few deal ramp-ups, offset by furloughs and seasonal weakness - Systematix Shares and Stocks

** KRChoksey Research expects TEML's Q3 rev to rise by steady execution across communications, BFSI, manufacturing verticals, partially offset by continued macro headwinds, discretionary spend constraints

** Market leader TCS TCS.NS beat qtrly rev estimate and Infosys INFY.NS unexpectedly raised its rev forecast, while HCLTech HCLT.NS narrowed its annual revenue growth forecast

** TEML, one of five stocks with average "hold" rating on 10 member Nifty IT index .NIFTYIT, which is up 2.5%

($1 = 90.3720 Indian rupees)

(Reporting by Meenakshi Maidas in Bengaluru)

((meenakshi.maidas@thomsonreuters.com;))