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HomeMarket NewsTech Mahindra Q1 Results: Constant currency revenue falls most than expected, margin improves
In rupee terms, Tech Mahindra's topline stood at ₹13,351 crore. The same was lower than CNBC-TV18's poll expectation of ₹13,392 crore and also lower than last year's ₹13,384 crore.
By Meghna Sen July 16, 2025, 4:22:49 PM IST (Published)
IT services and consulting company Tech Mahindra Ltd. on Wednesday, July 16, reported a constant currency revenue decline of 1.4% for the April to June period. CNBC-TV18's poll expected CC revenue growth to decline 0.7% sequentially.
In rupee terms, Tech Mahindra's topline stood at ₹13,351 crore. The same was lower than CNBC-TV18's poll expectation of ₹13,392 crore and also lower than last year's ₹13,384 crore.
Net profit for the June quarter declined 2% year-on-year to ₹1,140.6 crore. The figure was lower than CNBC-TV18's poll of ₹1,170 crore and last quarter's ₹1,167 crore.
EBIT for the quarter rose 7% to ₹1,477 crore as against March quarter's ₹1,378 crore, while margin expanded by 60 basis points to 11.1% from 10.5% in the last quarter.
Shares of Tech Mahindra Ltd. ended 1.94% higher on Wednesday at ₹1,609. The stock has declined 5% so far in 2025.
