Bengaluru: IT services company Tech mahindra posted a vulnerable set of numbers, joining its friends, as macroeconomic uncertainty continues to cloud spending by using customers, in particular in its telecom vertical, which generates a third of its general revenue.
Its consolidated sales grew by 4% on a year-on-12-month basis to Rs 13,384 crore inside the January-March region. However, analysts were penciling in Rs 134.52 crore, as in keeping with Reuters.
Meanwhile, its income for the fourth sector of monetary 12 months 2025 (Q4FY25) grew 76.5% to Rs 1,167 crore at the return of decreased subcontracting costs and a deferred tax benefit. Its order bookings additionally rose to $798 million from $500 million from the same duration last year. "I do feel that relatively, we're in a far stronger position than maybe we have been a year in the past," stated Chief Executive Officer Mohit Joshi.
Continual excessive inflation has clamped down on spending by clients, forcing them to tighten their budgets—a prime reason behind its sales from the conversation phase falling 2% on an annual basis. Even as the increase in this vertical stays a problem, the corporation stated that it is seeing signs of balance returning in europe and Asia Pacific.
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Joshi also recommended global monetary issues, which keep posing demanding situations. Trump's tariff tantrums stand as a prime impediment in deal decisions and have additionally cut hopes of a probable rebound in discretionary spending, a subject additionally flagged with the aid of Tech Mahindra's IT peers.
The company introduced a final dividend of Rs 30 per share on Thursday.
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