
Tech Mahindra Q3 Results 2025 Highlights: Tech Mahindra, the IT services company, announced its Q3 results today. Tech Mahindra reported a 92.63 per cent year-on-year (YoY) rise in consolidated profit for the quarter ending December 2024 at ₹983.2 crore, compared to ₹510.4 crore in the same period last year. On a quarter-on-quarter (QoQ) basis, profit declined by 21 per cent from ₹1,250.1 crore.
Revenue for the quarter grew by 1.4 per cent YoY to ₹13,286 crore but saw a slight dip of 0.2 per cent compared to the previous quarter. EBITDA for the December 2024 quarter stood at ₹1,809 crore, marking a 57.8 per cent increase from ₹1,146.5 crore in the December 2023 quarter. On a QoQ basis, EBITDA rose by 3.4 per cent.
Tech Mahindra Q3 Results Live: Stock settles lower ahead of Q3 results
On Friday, shares of Tech Mahindra settled 1.81 per cent lower at ₹1,658.85 apiece on the BSE ahead of the declaration of the October December quarter results.
Tech Mahindra Q3 Results Live: CFO on Q3 results show
Rohit Anand, Chief Financial Officer, Tech Mahindra, said: We delivered growth in EBIT margin and operating PAT, both on a sequential and year-on-year basis, resulting from our targeted actions under Project Fortius, along with steady increase in new deal wins, across prioritised verticals and markets. Our continued focus on optimising working capital management has resulted in generation of robust free cashflow.
Tech Mahindra Q3 Results Live: CEO & Md Mohit Joshi on Q3 results
“We see an improved rate of deal wins in our key verticals and priortised markets. This coupled with consistent expansion in operating margins, despite cross-currency headwinds during the quarter, reaffirms that we are on track to achieve our long-term goals," said Mohit Joshi, Chief Executive Officer and Managing Director, Tech Mahindra.
Tech Mahindra Q3 Results Live: Net new deal wins rise YoY, QoQ
Net new deal wins (TCV) for the quarter came in at $745 million in Q3 FY25, up from $603 million in Q2 and $381 million in the same period last year.
Tech Mahindra Q3 Results Live: Revenue by industry
Manufacturing sector sees highest growth followed by BFSI

Tech Mahindra Q3 Results Live: Total headcount declines QoQ, rises YoY
Total headcount at the end of the quarter 150,488; down 3,785 QoQ, up 4,238 YoY

Tech Mahindra Q3 Results Live: Attrition at 11.2% in Q3 FY25, up from 10% in Q3 FY24

Tech Mahindra Q3 Results Live: A look at the company's performance in dollar terms
- Revenue USD 1,567 mn; down 1.3% QoQ, down 0.4% YoY
- Revenue grew by 1.2% QoQ and by 1.3% YoY in constant currency terms
- EBITDA USD 213 mn; up 2.0% QoQ, up 54.7% YoY
- EBITDA Margin 13.6%, up 40 bps QoQ, up 480 bps YoY
- Profit after tax (PAT) USD 116 mn; Operational PAT* up 9.9% QoQ; up 88.5% YoY
- PAT Margin 7.4%, Operational PAT* Margin up 80 bps QoQ, up 350 bps YoY
- Free cash flow USD 199 mn
- New deal wins TCV USD 745 mn
Tech Mahindra Q3 Results Live: EBITDA grows 58% YoY to ₹1,809 crore
The EBITDA for the quarter came in at ₹1,809 crore in the December 2024 quarter, up 57.8% from ₹1,146.5 crore posted in the December 2023 quarter. The figure was up 3.4% QoQ.
Tech Mahindra Q3 Results Live: Revenue up 1.4% YoY to ₹13,286 crore
Revenue for the quarter increased 1.4% YoY to ₹13,286 crore, however, it declined by 0.2% on a QoQ basis.
Tech Mahindra Q3 Results Live: Tech Mahindra Q3 consolidated profit jumps 93% YoY to ₹983 crore
Tech Mahindra posted a 92.63% year-on-year (YoY) rise in the consolidated profit for the quarter ended December 2024 to ₹983.2 crore. The profit stood at ₹510.4 crore in the same period last year. On a quarter-on-quarter (QoQ) basis, profit declined from ₹1250.1 crore, down 21%.
Tech Mahindra Q3 Results Live: Tech Mahindra share price gains 8% during Q3
Tech Mahindra shares gained 8% during the quarter ended December 2024. The company is expected to see a two-fold growth in net profit.
Tech Mahindra Q3 Results Live: How did TechM fare in Q2 of FY25? Take a look
Tech Mahindra reported a more than two-fold increase in its consolidated net profit, reaching ₹1,250 crore for the July-September quarter. This surge was fueled by special income from asset sales, growth in European and other non-American markets, and strong performance in the banking, financial services, and insurance (BFSI) sector.
In comparison, the Mahindra Group company posted a net profit of ₹493.9 crore in the same quarter last year, as per an exchange filing. Revenue for Q2 of 2024-25 grew by 3.49% to ₹13,313.2 crore, up from ₹12,863.9 crore in Q2 of 2023-24.
Tech Mahindra Q3 Results Live: Elara Securities on what to expect from TCS Q3 earnings
“For TechM, growth tailwinds are seasonally strong Comviva business but continued weakness in the Telecom vertical may drag down overall revenues. We build in a revenue drop of 0.5% in USD terms in Q3E," said Elara Securities.
Tech Mahindra Q3 Results Live: Stock down nearly 1.5% on NSE
TCS share price extended losses in trade today ahead of Q3 FY25 results. In afternoon trade, the stock was trading 1.5% lower.

Tech Mahindra Q3 Results Live: Centrum sees 109% surge in Q3 PAT
Revenue seen rising 2% YoY while PAT could grow 109% YoY, suggests Centrum Broking's estimates. It further sees CC revenue growth of 0.5% QoQ, with cross currency headwind of around 100 bps. It expects EBIT margin to improve by 38 bps QoQ led by gains from ongoing margin improvement program. Commentary on demand environment, deal pipeline and update on telecom vertical are key to watch out for, said the brokerage.

Tech Mahindra Q3 Results Live: Key things investors should track according to KIE
1. Measures to improve margins to 15% by FY2027
2. Health of the telecom vertical, a segment in which many peers have announced mega-deals
3. Growth in the keenly watched financial services vertical
4. Health of the deal pipeline and positioning in cost take-out deals
5. Any revenue leakage in existing accounts and positioning in vendor consolidation events
Tech Mahindra Q3 Results Live: KIE's earnings projections for Tech Mahindra
We forecast moderate growth of 0.5% QoQ in CC. Growth will be led by the ramp-up of improving deal wins. Growth will be marginally lower than the earlier quarter due to a lack of seasonal kicker in BPO. We expect a 40 bps increase in EBIT margin, resulting from the benefits of Project Fortius. Margin expansion could have been higher but for currency headwinds. We forecast net new deal wins of US$700 million, an improvement QoQ and a material increase YoY. More importantly, new deals are won at higher margins. We expect a solid FY2025E in terms of profitability. The focus will be on the revenue acceleration path in FY2026.
Tech Mahindra Q3 Results Live: Tech Mahindra stock trades 0.7% lower ahead of earnings
Tech Mahindra share price dropped 0.68% to ₹1,676.10 on the NSE ahead of the Q3 results announcement. While the company is expected to post 100% growth in PAT, revenue growth is seen to be flat.
Tech Mahindra Q3 Results Live: A look at Tech Mahindra's performance in December 2023 quarter
Tech Mahindra reported a 61% year-on-year decline in net profits, which dropped to ₹510.4 crore in the December 2023 quarter, compared to ₹1,296.6 crore in Q3FY23. Revenue from operations decreased by 4% year-on-year, from ₹13,734.6 crore in Q3FY23 to ₹13,101.3 crore in the current quarter.
On a sequential basis, Tech Mahindra saw a modest 3% increase in net profits, which stood at ₹494 crore for the quarter ending September 2023. Revenue grew by 2% quarter-on-quarter, from ₹12,864 crore in Q2FY24.
Tech Mahindra Q3 Results Live: MOSL's expectations from Tech Mahindra's Q3 earnings today
- Revenue growth may stay flat in 3Q due to seasonality in CME and enterprise, currency, and furlough headwinds. While the communications vertical has stabilized, recovery may take time.
- We expect steady deal TCV in 3Q, driven by a slight improvement in the demand environment.
- Margins are expected to be flat QoQ. We expect cost control efforts (e.g., reduced sub-con costs) under Project Fortius to be offset by the impact of furloughs and currency headwinds.
- The outlook on margin and growth in the CME and BFS verticals will be the key monitorable.
Tech Mahindra Q3 Results Live: Key things to track in TechM's Q3 results
- Update on CEO’s turnaround efforts; any large deal wins and impact of Project Fortius on margins.
- Visibility of growth trajectory/margin outlook for the rest of FY25.
- Update and outlook in the Communication vertical post-US elections and rate cut; update on deal pipeline/TCV.
Tech Mahindra Q3 Results Live: JM Financial's expectations from Tech Mahindra Q3 results today
- PAT could grow 102.9% to ₹10,356 crore YoY; revenue seen up by 1.5%
- We expect TechM to report 0.3% CC growth. A 120bps currency headwind should result in a -0.9% USD revenue.
- estimate similar growth across Telecom and non-Telecom. Comviva in Telecom and BPO in Enterprise will help offset furloughs.
- Expect 10bps sequential improvement in EBIT margin. Margin improvement is driven largely by project Fortius.
Tech Mahindra Q3 Results Live: Nuvama sees 103% PAT growth
Nuvama sees 103% YoY growth in PAT to ₹1037.69 crore while revenue could grow 1.3% YoY to ₹13273.2 crore. TechM shall report 0.1% QoQ CC and -0.9% QoQ in USD.
The telecom segment is likely to remain flat due to positive Comviva seasonality. Margins shall remain flat QoQ, benefitting from efficiency measures, which the furlough impact will offset, said the brokerage.
Deal-wins are likely to be higher than Q2, according to Nuvama's estimates.
Tech Mahindra Q3 Results Live: Tech Mahindra shares trade marginally lower
Tech Mahindra share price was marginally down in the morning session on Friday ahead of the Q3 earnings announcement.

Tech Mahindra Q3 Results Live: IT major to declare Q3 results today
Tech Mahindra Q3 Results Live: Tech Mahindra, the IT services company, is set to announce its financial results for the third quarter of FY25 today. The meeting of the board of directors of Tech Mahindra is scheduled for today, January 17, to approve the financial results for Q3FY25.