Tech Mahindra's Q3 Triumph: $1.1 Billion Order Book, Highest in 5 Years

• Tech Mahindra secured $1.1 billion in Q3 orders, marking its highest quarterly deal wins in five years.
• A major deal with a European telco in the communications vertical significantly contributed to the strong order book.
• CEO Mohit Joshi highlighted broad-based deal momentum across communications, manufacturing, high-tech, retail, and healthcare.
• The company reported a 14.1% YoY rise in consolidated net profit to Rs 1,122 crore and an 8.3% increase in revenue to Rs 14,393 crore.
• Despite a sequential net profit decline due to a one-time Rs 2,724 crore exceptional cost for a new labor code, Tech Mahindra aims for 15% EBIT margin by FY27.

Why It Matters: Tech Mahindra achieved its highest quarterly order book in five years, signaling strong growth and future profitability.