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Tech Mahindra CEO Mohit Joshi highlighted growth outperformance versus peers and progress toward 15% margin target
By ScoutQuest · · 1 min read
- Current margin reported
- 14.8 percent
- Margin target
- 15 percent
- Current YoY growth
- 7.2 percent
- Past shrinkage rate
- 5 percent
- Stock YTD rally
- 10 percent
Heard on business television between 14:44:21 - 14:47:21 IST.
- CEO Mohit Joshi said the company is growing 2x-3x industry average, with focus pivoted to growth.
- Reaffirmed commitment to 15% margin for the year, having moved from shrinking 5% YoY to growing 7.2% YoY.
- Growth has been almost entirely organic; inorganic growth would only be to fill strategic portfolio gaps, not to meet revenue targets.
- Anchor/analyst noted Joshi joined three years ago from Infosys with a three-year turnaround plan ending FY27; margins have risen from mid-single digits to 14.8%, with wage hike impact behind the company.
- Stock has outperformed peers with ~10% rally while TCS and Infosys were down 25-30% YTD.
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Source: Live TV News Channel · 16 Oct 2026
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