Tech Mahindra Q3 results today; IT major's stock holds on to the green amid volatile trade
Tech Mahindra shares rose by as much as Rs 10 or one per cent to Rs 1,040.2 apiece on BSE.
![Tech Mahindra Q3 results today; IT major's stock holds on to the green amid volatile trade Tech Mahindra Q3 results today; IT major's stock holds on to the green amid volatile trade](https://cdn.zeebiz.com/ads/placeholder_image-zeebiz.jpg)
Tech Mahindra share price: The stock of India's fifth largest IT company by sales — Tech Mahindra — rose as much as one per cent on Monday, halting a two-day losing spree. Investors awaited the IT major's financial results for the October-December period due later in the day.
Tech Mahindra shares rose by as much as Rs 10 or one per cent to Rs 1,040.2 apiece on BSE.
According to Zee Business research, the IT giant is likely to report a 1.2 per cent increase in net profit sequentially to Rs 1,300 crore for the three-month period, with 2.8 per cent growth in revenue to Rs 13,500 crore.
In dollar terms, revenue is estimated at $1,641 million, up 0.2 per cent sequentially, according to the research.
Revenue growth in constant currency is pegged at 0.4 per cent.
Tech Mahindra's margin — a key measure of profitability — is seen improving by 50 basis points (bps) on a quarter-on-quarter basis to 11.7 per cent, according to Zee Business research.
Also Read: Stock Market Today LIVE: Sensex, Nifty50 hold on to the green after staging strong intraday recovery
At 10:00 am, Tech Mahindra shares were up 0.3 per cent at Rs 1,033.05 apiece on BSE, outperforming the Sensex benchmark, which was up 0.1 per cent amid volatile trade.
In the last one year, the Tech Mahindra stock has lost around 30 per cent of its value, a period in which the Sensex has risen 2.3 per cent.
Earlier this month, IT heavyweights such as TCS, Infosys, HCL Tech and Wipro announced their Q3 earnings.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
![https://www.zeebiz.com/personal-finance/photo-gallery-retirement-corpus-mutual-fund-lump-sip-one-time-investment-planning-calculator-calculations-how-inr-rs-1000000-deposit-can-create-rs-30000000-fund-in-30-years-power-of-compounding-347205](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2025/02/14/353193-salary-da-calculator.jpg?itok=-EhQme5U)
Retirement Planning: How one-time investment of Rs 10,00,000 can create Rs 3,00,00,000 retirement corpus
![https://www.zeebiz.com/personal-finance/photo-gallery-power-of-compounding-sip-mutual-fund-retirement-corpus-planning-calculator-how-many-years-it-will-take-to-reach-inr-rs-80000000-with-7000-11000-and-16000-monthly-investment-market-linked-return-346156](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2025/02/11/352047-poc-cover-2.jpg?itok=Fa26qSfi)
Power of Compounding: How long it will take to build Rs 8 crore corpus with Rs 7,000, Rs 11,000 and Rs 16,000 monthly investments
![https://www.zeebiz.com/personal-finance/photo-gallery-7th-pay-commission-monthly-salary-calculator-is-your-basic-salary-inr-rs-24500-53000-81100-know-your-total-salary-8th-matrix-salary-scale-band-grade-dearness-allowance-travel-hra-house-rent-347484](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2025/02/17/353484-7th-pay-commission-salary-calculator.jpg?itok=exBYKLyX)
Monthly Salary Calculations: Is your basic salary Rs 24,500, Rs 53,000, or Rs 81,100? Know how much total salary central government employees may get
![https://www.zeebiz.com/personal-finance/photo-gallery-new-income-tax-bill-regime-slabs-old-existing-proposed-revised-calculator-what-will-be-your-tax-on-annual-income-salary-of-inr-rs-800000-1400000-2000000-2600000-nirmala-sitharaman-budget-2025-346889](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2025/02/13/352870-top7-hybrid-funds-in-10-years-1.jpg?itok=UqwoA5Li)
Income Tax Calculations: What will be your tax liability if your salary is Rs 8 lakh, Rs 14 lakh, Rs 20 lakh, and Rs 26 lakh?
10:46 AM IST