Tech Mahindra532755IT services
Tech Mahindra shares jumped about 8.3% at day's high after beating estimates, marking 12th consecutive quarter of margin expansion and reiterating FY27 margin target of 15%
By ScoutQuest · · 1 min read
- Stock move at day's high
- 8.3 percent
- Year-on-year growth
- 7.2 percent
- FY27 margin target
- 15 percent
Heard on business television between 12:14:45 - 12:17:45 IST.
- Stock was up almost 8.3% at day's high after results beat estimates.
- Company recorded 12th consecutive quarter of margin expansion, on track for 15% margin guidance for FY27.
- CEO Mohit Joshi said the company delivered 7.2% year-on-year growth, the fastest in the industry, helped by a differentiated AI tool chain and transformation roadmaps including a zero-gravity architecture for telcos.
- On SpaceX/satellite competition, Joshi said US telecom operators have strong terrestrial networks built with hundreds of billions in investment, and satellite works well only for certain niche applications, not mass market.
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Source: Live TV News Channel · 16 Oct 2026
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