Tech Mahindra reported a 16 per cent rise in Q4 FY26 net profit, while revenue grew 12.6 per cent year-on-year, though profit missed Bloomberg estimates
IT stocks came under sharp selling pressure today after HCLTech's Q4 results and weak growth guidance.
Q4FY26 company results: Firms including L&T Technology Services, Havells India, Tata Communications, and Bharat Coking Coal are also to release their January-March earnings today
Tech Mahindra Q4 results preview: Sequentially, the profit after tax (PAT) of Tech Mahindra is expected to rise 9 per cent from ₹1,336.42 crore in Q3FY26
Coforge, Infosys, Mphasis and Tata Consultancy Services (TCS) slipped over 3 per cent
IT Q4 results preview: While the recent sharp depreciation of INR against the USD is likely to provide a significant cushion to earnings, the focus has shifted toward FY27 guidance
Individually, Mphasis shares were up 3.15 per cent, followed by Infosys, Tech Mahindra, Persistent Systems, HCLTech, Oracle Financial Services Software, and LTIMindtree up over 2 per cent.
Accenture sees AI-led deal momentum, but analysts remain cautious on Indian IT stocks amid weak demand, macro risks, and uncertain growth outlook
Stocks to Watch today, March 18: Tata Steel, Tech Mahindra, Varun Beverages, Shree Cement, and Aurobindo Pharma are among the top stocks to watch today
Tech Mahindra has denied social media claims that it plans large-scale layoffs, clarifying in an exchange filing that no such proposal is under consideration amid speculation of a 30,000 cut
IT services company Tech Mahindra on Monday strongly denied market speculations around a possible significant reduction in headcount. Given the speculation, Tech Mahindra said it finds it necessary to clarify that no such proposal is under consideration. The company cited calls and certain social media posts regarding a "market rumour" of a potential significant reduction in headcount. "The company has received calls and has noted certain social media posts regarding a market rumour of a potential significant reduction in headcount. "In view of the above speculation, the company on its own accord considers it necessary to clarify to the Stock Exchanges that no such proposal is under consideration and categorically denies any such market rumours," it added.
The strategy set by the new leadership three years ago at Tech Mahindra to sharpen the company's position for faster and sustainable growth is giving returns, which is getting reflected in improved operating margin and increase in large deals, a top official of the IT firm said. Tech Mahindra CEO & Managing Director Mohit Joshi told PTI that as the world is navigating through a tectonic shift towards a new era of enterprise intelligence led by AI empowered design and engineering, the company's focus is shifting from stabilisation to acceleration. The operating margin during the December 2025 quarter expanded by close to 100 basis points to 13.1 per cent, marking the ninth consecutive quarter of margin expansion for the company. Further, our commercial momentum has strengthened, with a 48 per cent increase, including large deal volumes over the past 12 months. This reinforces our belief that clients are responding positively to our sharper positioning, disciplined deal selection, .
Earlier this week, Jefferies downgraded Indian IT companies Infosys, HCLTech and MphasiS to 'hold'; LTIMindtree, TCS and Hexaware to 'underperform'.
Individually, HCLTech shares were up 3.57 per cent; Infosys, Tech Mahindra, TCS, and Wipro were trading over 2 per cent higher
According to the shareholding pattern of top Indian IT companies, FIIs have trimmed their stake over the last one year amid growing fear that AI is causing significant disruption
The correction in the tech pack has been driven by mounting concerns among investors over the potential impact of AI on the sector's growth outlook
The correction in IT stocks has been driven by mounting concerns among investors over the potential impact of AI on the sector's growth outlook
The Nasdaq IT services basket has corrected meaningfully, dragging Indian IT ADRs lower and triggering a risk-off sentiment that has spilled into domestic markets, said ICICI Securities.
Over the past two trading sessions, the Nifty IT index has declined 7 per cent, while losses over the last seven trading days stand at 14 per cent
Analysts at Geojit Investments and Choice Broking are bullish on Tech Mahindra stock, and view the current fall as a correction rather than trend reversal.