Tech Mahindra Q2 Review — Systematix Maintains ‘Sell’ On The Stock; Says Current Valuations Limits Upside

Tech Mahindra Q2 Review — Systematix Maintains ‘Sell’ On The Stock; Says Current Valuations Limits Upside


Tech Mahindra’s Q2 FY26 results exceeded the brokerage’s expectations on both revenue and Ebit margins, though PAT margins came in below estimates. Revenue was up 1.6% in CC and 1.4% QoQ in USD terms. Europe markets were weak, while US and RoW propelled growth. Management remains cautiously optimistic, expecting revenue pickup from past deal wins strengthening in H2.



Source link