Brokerages diverge on Tech Mahindra after FY2025 Q1 beat, price targets span ₹1,260–₹1,635
AI Market Summary
Tech Mahindra's FY25 Q1 results beat on revenue, constant-currency growth and EBIT margin expansion, supported by $1.078B in deal wins, but net profit missed consensus. Broker reactions are split, reflecting a tension between improving operating momentum and concerns that valuation already discounts the turnaround. As a Nifty 50 constituent with a majority of bullish coverage, the print can influence near-term index IT sentiment despite mixed earnings quality.
Impact level
● Medium
Affected assets
NCSINIFTY52USD/USDT-0.15%
AI Insight · NCSINIFTY52USD/USDTAI Insight
● Neutral
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Tech Mahindra reported FY2025 Q1 results with revenue and EBIT ahead of expectations, and EBIT margin rising to 14.4%, while total contract value wins rose 33.3% year-on-year to $1.078 billion. Consolidated net profit came in at ₹1,486.3 crore, below the ₹1,694 crore estimate in a CNBCTV18 poll. Broker views remain split, with targets ranging from ₹1,260 to ₹1,635 as HSBC stayed “Buy” while Jefferies reiterated “Underperform.”
