Q3 2025 Tech Mahindra Ltd Earnings Call Transcript
Key Points
- Tech Mahindra Ltd (BOM:532755) reported new deal wins of USD 745 million for Q3 FY25, marking a steady increase in large deals over the past quarters.
- The company achieved a 60-basis point expansion in EBIT margins to 10.2% despite currency headwinds, attributed to efficient delivery and cost optimization.
- Tech Mahindra Ltd (BOM:532755) has onboarded 40-plus new clients from must-have accounts in the current fiscal year, indicating successful client acquisition strategies.
- The company has made significant investments in generative AI capabilities, partnerships, and talent acquisition, enhancing its service offerings and market position.
- Tech Mahindra Ltd (BOM:532755) has been recognized for its sustainability efforts, ranking number one in India and number two globally in the Dow Jones Sustainability Index 2024.
- The company faced major cross-currency headwinds, resulting in a reported revenue decline of 1.3% quarter-over-quarter.
- Manufacturing vertical revenue declined by 2.5%, mainly due to pressures in the automotive segment, including Pininfarina.
- Forex losses have been sizable for the last two quarters, impacting financial performance.
- The company anticipates a 1% to 1.5% margin impact due to wage hikes in the current quarter.
- Despite improvements, the telecom vertical remains challenged by competitive pressures and discretionary spending constraints in North America.
Ladies and gentlemen, good day, and welcome to the Tech Mahindra Limited Q3 FY25 earnings conference call. We have with us today, Mr. Mohit Joshi, Chief Executive Officer and Managing Director, Tech Mahindra; and Mr. Rohit Anand, Chief Financial Officer, Tech Mahindra. (Operator Instructions)
Please note that this conference is being recorded. I now hand the conference over to Mr. Mohit Joshi, MD and CEO for Tech Mahindra. Thank you, and over to you, sir.
Thank you, operator. I'm joined here today by our CFO, but also by our Chief Operating Officer, Atul Soneja; and by our CHRO, Richard Lobo.
Good evening, everyone, and I hope your year is off to a great start. Thank you for joining us today as we discuss the company's performance for the quarter ended December 2024. With the turn of the year, we hope that the new year will bring additional opportunities for all of us. It is not just the turn of the calendar year, though, but it's also the completion of the year since
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