Tech Mahindra Q3 Profit Rises 14% Amid Strong Deal Wins and Labour Code Impact

Tech Mahindra reported a 14.1% year-on-year rise in Q3 net profit to Rs 1,122 crore, with revenue increasing 8.3% to Rs 14,393 crore. The company achieved its highest quarterly deal wins in five years, totaling $1.1 billion, driven by growth in communications and manufacturing sectors. Despite a one-time Rs 272 crore charge due to new labour codes impacting margins, Tech Mahindra maintained strong operating performance and reduced headcount to 149,616, with attrition at 12.3%. Management remains confident about meeting FY27 targets amid improving demand and AI-led offerings.