Tech Mahindra Surpasses Revenue Expectations Driven by Key Verticals and Currency Effects
India's Tech Mahindra reported a consolidated revenue increase of 15.6 percent to 161.80 billion rupees for the second quarter, surpassing analyst expectations of 151.95 billion rupees according to LSEG data. The IT services company attributed the performance to steady growth within its manufacturing and communication verticals, alongside a favorable weak rupee. Additionally, Tech Mahindra announced plans to issue up to 4.9 billion rupees in bonus shares, marking its first such issuance since 2015.
Originally published by CNA | 15 October 2026 | Read original: https://www.channelnewsasia.com/business/indias-tech-mahindra-second-quarter-revenue-beats-estimate-6462306
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