Tech Mahindra Q1 Results: Margin Improves Sequentially

Considering the Q1 weakness, the ask-rate for the rest of the year to achieve flat FY26 CC growth is ~0.8% CQGR, which PL Capital believes is a little challenging, given macro challenges. Tech Mahindra continued its margin improvement trajectory with another quarter of sequential growth. Ebit margin improved by 60 bps QoQ to 11.1%, compared to PL Capital and consensus estimates of 10.9% and 11%, respectively. By signing up you agree to the Terms & Conditions of NDTV Profit

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