Tech Mahindra Ltd (TECHM) Q3FY25 Concall Summary - Dec-2024 Qtr
Performance Overview
- Tech Mahindra reported revenue of $1.567 billion, representing a 1.3% year-on-year and 1.2% quarter-on-quarter growth in constant currency. Currency fluctuations impacted reported numbers.
- Healthy revenue growth was observed in Communications, BFSI, and Healthcare and Life Sciences verticals, with demand seen across North America, Europe, and APJ regions.
- New deal wins reached $745 million in Q3 FY25, contributing to a $2.4 billion LTM figure. Key wins included network transformation for a chemical manufacturer and partnerships with large telcos.
- EBIT margin expanded by 60 basis points to 10.2% due to Project Fortius cost optimizations, despite currency headwinds and ongoing investments.
- Tech Mahindra improved its position in analyst rating top quadrants from 81% to 88% year-on-year, reflecting successful capability building.
Financial Metrics
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Operating Performance / Business Segments
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Key Discussions & Insights
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Outlook and Guidance
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Challenges / Concerns
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Industry / Competitive Landscape
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Overall Summary
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