Particle.news

Download on the App Store

Tech Mahindra’s Q1 Profit Rises 34% as Revenue Slightly Misses Forecast

Focused cost reduction under Project Fortius has driven a 50 basis point margin expansion in the June quarter.

Image
A logo of L&T is pictured at the Larsen & Toubro Precision Manufacturing and Systems complex on the outskirts of Coimbatore, India, February 26, 2025. REUTERS/Sivaram V/File Photo
Image
Image

Overview

  • Consolidated sales rose 2.7% to ₹13,351 crore, marginally below analysts’ expectations of ₹13,383 crore.
  • Net profit climbed 34% to ₹1,140.6 crore, driven by improved operating margins.
  • Revenue from the Americas fell 5.9% as U.S. tariff uncertainty prompted clients to defer discretionary IT spending.
  • New deal wins surged 51% to $809 million, underpinning future growth prospects across multiple geographies and sectors.
  • Chief Financial Officer Rohit Anand said Project Fortius has generated meaningful operational improvements and supported seven consecutive quarters of margin growth.