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Tech Mahindra Q3 preview: Analysts expect up to 3% YoY decline in profit

Despite the headwind of furloughs and rupee appreciation, margins of growth for Tech Mahindra is expected to be flat in Q3FY21

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Tech Mahindra stock has risen 23 per cent during the December quarter

4 min read Last Updated : Jan 29 2021 | 7:54 AM IST

Tech Mahindra Q3 preview: IT firm slated to post its Q3FY21 results on Friday, January 29, is expected to post a muted growth in its December quarter profit and revenue on a sequential basis, believe analysts. The growth would be on the back of traction in the communication and enterprise segment. However, on a yearly basis, both the figures are expected to decline.

The stock has risen 23 per cent during the December quarter as against a 24.30 per cent rise in the NSE flagship index Nifty50 during the same period. Meanwhile, the Nifty IT index has jumped 21.55 per cent for

Topics : Tech Mahindra Q3 results Markets IT stocks

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