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

Tech Mahindra

16/07/2026 05:17

** Shares of India's Tech Mahindra TEML.NS up 1.2% at 1,517 rupees ahead of Q1 results
** Nifty IT index up 1%
** Analysts on an average expect co's first quarter profit to jump about 37% y/y to 15.63 billion rupees ($162.39 million) -- data compiled by LSEG
** On an average, analysts expect co's Q1 revenue to rise ~16% year-on-year to 154.76 billion rupees --LSEG data 
** Brokerage Citi said co remained on track to outperform the industry and meet its FY27 target of a 15% EBIT margin, supported by deal ramp-ups despite a challenging demand environment
** HDFC Securities said co's strong deal pipeline and recent mega-deal wins provide confidence in improving revenue momentum through FY27
** Nomura expects co to post strongest quarterly revenue growth among large-cap Indian IT firms, helped by communications and enterprise businesses
** TEML rated "buy" on average by 40 analysts, median PT at 1560 rupees - data compiled by LSEG
** YTD, stock down 4.7%

($1 = 96.2500 Indian rupees)

 (Reporting by Surbhi Misra and Mridula Kumar in Bengaluru)
 ((Surbhi.Misra@thomsonreuters.com |  X: https://twitter.com/SurbhiMisra_  |;))