Tech Mahindra, the Pune-headquartered IT services firm, is likely to report a weak set of numbers for June quarter of the financial year 2019-20 (1QFY20) when it declares its financial results Tuesday. In line with industry peers, the company is expected to see a dip in operating margin, owing to rupee appreciation, wage hikes, visa fees and Comviva seasonality.
Revenue is also expected to decline sequentially, with cross currency headwinds of up to 80 basis points (bps). Weakness in the banking, financial services and insurance (BFSI) and manufacturing segments will contribute to weak numbers, while healthcare segment will recover marginally, analysts