Business Standard

Tech Mahindra Q1 preview: PAT may dip 30% YoY; opportunities in 5G eyed

Analysts at IDBI Capital forecast CC revenue decline of nearly 8.8 per cent QoQ

Tech Mahindra
Web Exclusive Premium

IDBI Capital expects total contract value (TCV) of US$250 million to US$300 million during the quarter under review.

Swati Verma New Delhi
Tech Mahindra, the Pune-headquartered information technology (IT) services company, is slated to announce its financial results for the first quarter of the fiscal year 2020-21 (Q1FY21) on Monday, July 27.

So far, most IT companies have posted better-than-expected results for the April-June period, resulting in a huge upside in their stock prices. According to a recent report by Business Standard, the combined weight of IT companies in the benchmark Nifty50 index is now at a five-year high of 15 per cent as these companies continue to outperform the broader market. READ MORE

At the bourses, shares of Tech Mahindra slipped

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jul 27 2020 | 7:48 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com