Tech Mahindra Q3: Profit Misses Estimates, Revenue and Margins Beat Expectations

• Tech Mahindra reported a net profit of ₹1,122 crore in Q3, falling short of the CNBC-TV18 poll estimate of ₹1,385 crore.
• Revenue for the quarter reached ₹14,393 crore, surpassing the poll estimate of ₹14,209 crore.
• Operating margin improved to 13.1%, exceeding the estimated 12.7%, with EBIT at ₹1,891.6 crore.
• New deal wins totaled $1,096 million, marking a significant growth of 47.0% year-on-year and 34.3% quarter-on-quarter.
• The company's headcount stood at 149,616, with a reduction of 872 employees year-on-year, and LTM IT attrition at 12.3%.

Why It Matters: Tech Mahindra's Q3 saw profit miss forecasts, but strong revenue, margin growth, and deal wins signal positive momentum.