Key Points
Tech Mahindra Q3 results: Tech Mahindra overall revenue and constant currency revenues likely to decline, offset by margin expansion up to 330 basis points..
After a decent set of results from IT heavyweights TCS, Infosys and HCL Tech, investors are eagerly awaiting the quarterly numbers from Tech Mahindra, which will report its earnings today..
Tech Mahindra may report sequential decline in overall revenue and constant currency revenues, dragged down by the communication and enterprise verticals...
MarginsTech Mahindra may see margin expansion up to 330 basis points on a sequential basis, due to reversal of one-offs and operational efficiencies..
Brokerages take"We expect TechM's 3Q revenues to decline by 1.6% QoQ in cc, due to furloughs and continued portfolio optimisation in the Communication vertical," said Jefferies...
