Sustained weakness in telecom vertical
Communications vertical declined 1.7% YoY as clients prioritize cost savings; U.S. telecom remains stressed.
high · management_commentary
Tech Mahindra — Q2 FY25
Tech Mahindra reported Q2 FY25 revenue of INR 13,313 crore (+3.5% YoY) and EBIT margin of 9.6% (+110bps QoQ), driven by Project Fortius savings and currency tailwinds.
bullish
medium
✓ Verified against BSE filing
Risk Intelligence
Material risks this quarter
Concise cards keep the risk register scannable while preserving evidence-level context in the underlying quarter data.
Risks
Competitive pricing pressure in large deals
Management noted competitors making 'heroic assumptions' on productivity, potentially leading to aggressive pricing that TechM avoids.
medium · analyst_questionFurlough impact in Q3
Q3 is seasonally weak due to furloughs; management has limited visibility on magnitude this early.
medium · management_commentaryAuto sector softness
Manufacturing vertical declined 4% QoQ due to softness in auto, especially in Europe and U.S.
medium · management_commentary