Tech Mahindra recorded a web revenue of Rs 1,167 crore for the fourth quarter of FY25 (January–March), reflecting a 76.5% improve in comparison with Rs 661 crore in This autumn FY24 and 19% development from the final quarter.
For the quarter, the agency reported a income of $1.549 billion, barely down from $1.567 billion within the earlier quarter. On a sequential foundation, this represents a 1.2% decline QoQ.
Nonetheless, the income remained flat year-over-year, with a marginal 0.3% development on a continuing forex foundation.
Rohit Anand, CFO of Tech Mahindra highlighted that the income decline was primarily pushed by a delay in closing the renewal from a high-tech buyer, which is anticipated to get better within the coming months. “We anticipate a restoration as these delays in buyer renewals can be resolved quickly,” he famous.
In INR phrases, the income stood at ₹13,384 crores in This autumn FY25, reflecting a 0.7% sequential development from ₹13,285 crores in Q3.
Notably, deal wins for the quarter totalled $798 million, reflecting robust year-over-year development —a key indicator of the corporate’s means to safe giant, strategic offers. Whereas the corporate confronted challenges in sure sectors, the sturdy deal pipeline and development in key verticals like BFSI provide confidence for the longer term.
Tech Mahindra reported a big improve in deal wins, securing a complete contract worth (TCV) of $2.7 billion for FY25, representing a 42.5% year-on-year development. Notable wins included giant offers with a US-based telecom supplier and a world chief in enterprise functions.
“We aren’t taking up speculative deal dangers however specializing in wholesome, long-term engagements that create worth for each our purchasers and Tech Mahindra,” Joshi added.
The corporate additionally expanded strategic partnerships with main trade gamers, together with NVIDIA, Google Cloud, and Qualcomm, to boost its AI and digital transformation capabilities.
A serious spotlight of the quarter was the announcement of Tech Mahindra’s new service line, TechM Consulting. Joshi emphasised the corporate’s intention to place itself as a trusted advisor to purchasers, leveraging its skilled workforce in a extremely aggressive panorama.
Complete headcount of the agency was 148,731, down 1,757 QoQ, up 3,276 YoY with an attrition fee of 11.8%.
AI is A part of All Offers
Talking on Tech Mahindra’s generative AI technique, Joshi shared that the corporate is formally unveiling its GenAI narrative later, however emphasised that their method centres on “AI delivered proper.”
This tenet, he stated, displays the corporate’s give attention to leveraging GenAI to drive productiveness, transformation, and innovation for purchasers, all whereas guaranteeing sturdy safety.
Much like its friends, like TCS, Infosys, HCLTech, and Wipro, Tech Mahindra claims to have built-in it into its core choices. “AI is now woven into the material of our knowledge and engineering service traces,” he stated. “It’s not siloed anymore. The overwhelming majority of our purchasers are already leveraging some type of our AI choices.”
Addressing a query on Tech Mahindra’s involvement in basis fashions and IndiaAI Mission, Joshi highlighted the corporate’s position in shaping sovereign AI capabilities via Challenge Indus, its LLM for Indic languages.
“Indus was a important functionality demonstrator for us,” Joshi stated, emphasising the hole in AI fashions that successfully assist Hindi and different Indian languages. “There was an enormous want for a mannequin that catered to our linguistic range, and the ecosystem has responded very positively.”
“Our AI staff, together with Kunal and Nikhil [Malhotra], stays deeply engaged with the India AI Mission, and we’re absolutely aligned with the aim of constructing world-class, sovereign AI capabilities,” he stated.
Joshi additionally reiterated that as AI turns into interwoven into enterprise know-how, contributing to foundational AI infrastructure—whether or not in India or overseas—will stay a core focus for Tech Mahindra.
On a separate observe, he confirmed that the corporate’s wage hikes, introduced in January, have already been rolled out. “We’ve now shifted our wage hike cycle to January, and the will increase have been absolutely applied,” he famous.
As Tech Mahindra enters FY26, Joshi expressed confidence within the firm’s strategic path regardless of international financial uncertainties. “The foundational work we now have executed over the past 12 months, together with our give attention to execution and resilience, positions us nicely to navigate the challenges forward,” he added.
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