Techm

Tech Mahindra delivered a strong Q3 FY26 with revenue of INR 14,393Current reported value: 14,393. No comparable prior figure is available in the source record. crore, up 8.3% YoYCurrent 8.3% vs previous available quarter 5.1%., and operating margin expanding 290 bps YoY to 13.1%Current 290 bps YoY to 13.1%. Reported change: +290 bps YoY.. Growth was broad-based across comms, manufacturing, retail, and healthcare, with Europe leading geographically at 11.2% YoYCurrent 11.2% YoY. Reported change: +11.2% YoY.. Deal bookings hit a five-year high at $1.096 billionCurrent $1.096 billion. Reported change: +48% YoY (LTM basis)., including a $500M+ European telco win. Management reiterated its FY27 target of growing above peer average and reaching 15% EBIT margin. Key risks include BFSI volatility from furloughs and productivity pass-through, and potential margin headwinds from wage hikes under the new labor code.