Tech Mahindra Reports Q3 Revenue Growth and Record Deal Wins, Shares Rise

Tech Mahindra reported strong Q3 FY26 results with 1.7% quarter-on-quarter revenue growth in constant currency to $1.61 billion and a 14.11% rise in net profit to Rs 1,122 crore. EBIT margins improved by 100 basis points to 13.1%, driven by cost efficiencies and pricing discipline. The company secured record deal wins totaling $1.09 billion in the quarter, including a pivotal $500 million five-year European telecom modernization contract. Market response was positive, with shares rising nearly 4%, supported by a robust deal pipeline and growth across sectors like telecom, manufacturing, and retail.