Tech Mahindra Q3: Profit Dips 6%, Misses Estimates; Revenue & EBIT Beat Forecasts

• Tech Mahindra's Q3 net profit fell 6% quarter-on-quarter to ₹1,122 crore, missing market estimates of ₹1,385 crore.
• Revenue increased by 2.8% year-on-year to ₹14,393 crore, surpassing the estimated ₹14,209 crore.
• EBIT saw an 11.3% year-on-year growth, reaching ₹1,891.6 crore, higher than the ₹1,804 crore market estimate.
• The company's margin improved to 13.1% from 12.1% last year, also exceeding the 12.7% estimate.
• Dollar revenue grew 1.5% year-on-year to $1,610 million, with constant currency growth at 1.7%, beating estimates.

Why It Matters: Tech Mahindra's Q3 profit declined, but revenue, EBIT, and margins exceeded market expectations.