1493.7000 -9.10 (-0.61%)
NSE May 09, 2025 15:31 PM
Volume: 923.2K
 

logo
Tech Mahindra Ltd.
06 Nov 2019
1493.70
-0.61%
Emkay
TechM revenues grew 4.1%/7.3% CC qoq/yoy and were better than our expectations of 2.9% qoq CC growth. Growth was driven by the Enterprise business (up 5.6% qoq in CC terms; ~59% of sales), while Telecom revenues grew 2.0% qoq in CC. TechM retained its FY20 revenue growth outlook of in-line with industry growth' in the Telecom business (~41% of sales) and mid-single digit growth in the Enterprise segment (~59% of sales), suggesting nearly 6.0-7.0% CC yoy growth for the entire business. EBIT margins are expected to decline 150-250bps yoy in FY20....
Tech Mahindra Ltd. is trading below its 100 day SMA of 1569.6
More from Tech Mahindra Ltd.
Recommended