Tech Mahindra Share Price in Focus Ahead of Q3 FY25 Results

Tech Mahindra, an IT services company, is set to announce its Q3 results for FY25 today, January 17. 

Share Price Movement

Tech Mahindra share price is currently priced at ₹1,680.25, down by ₹7.40 or 0.44% today as of 11:44 am IST. Over the past 6 months, the stock has risen by ₹140.90, a gain of 9.15%. In the past year, it has increased by ₹353.50, or 26.64%, and over the past 5 years, the stock has surged by ₹901.80, reflecting a remarkable 115.85% growth.

Previous Quarter Performance

In the December 2023 quarter, Tech Mahindra’s net profit dropped by 61% year-on-year to ₹510.4 crore, compared to ₹1,296.6 crore in Q3FY23. Revenue also fell by 4%, from ₹13,734.6 crore in Q3FY23 to ₹13,101.3 crore. However, there was a slight improvement in net profit and revenue compared to the previous quarter, with net profit up by 3% and revenue rising by 2% sequentially.

Key Areas to Watch

• Updates on the CEO’s turnaround efforts.
• Impact of Project Fortius on margins.
• Outlook on growth and margin trajectory for the rest of FY25.
• The performance of the communications vertical post-US elections and rate cuts.

About Tech Mahindra

Tech Mahindra is an Indian multinational IT services and consulting company. It was established in 1986 as a partnership between BT Group and Mahindra & Mahindra. The company is part of the Mahindra Group and is based in Pune, with its registered office located in Mumbai.

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