TMTech Mahindra532755Information technology services

Tech Mahindra stock up nearly 5% after strong organic growth and margin expansion in results, with rupee depreciation aiding reported numbers

By ScoutQuest · Fri 16 Oct 2026, 9:07 AM IST · 1 min read

Stock move today

5 percent up

Current quarter CC revenue growth

7.2 percent

Current quarter INR revenue growth

15.6 percent

Margin achieved

14.8 percent

Margin guidance target

15 percent by FY27 end

Heard on business television between 09:07:38 - 09:10:38 IST.

• Stock rose close to 5%, reacting to 2.4% growth ahead of peers, described as all organic growth.
• Margin expansion story liked by the street; margins nearly hit guidance of 15% by FY27-end, reaching 14.8%.
• Constant currency revenue growth was 7.2% versus rupee revenue growth of 15.6% this quarter, a benefit of about 8.5 percentage points from currency.
• Previous quarters also showed large gaps between CC growth (6.6%, 2.4%) and INR growth (17%, 12.6%), benefiting 10 and 10.2 percentage points respectively from rupee depreciation.
• Concern raised that rupee has now hit a 1-month high, which could reverse this tailwind.

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