By FY27, Tech Mahindra has set a goal to expand EBIT margin to 15 percent and have higher topline growth as compared to peer average of top six-seven IT services players.
These offshore arms of multinationals are collaborating to leverage the domain expertise, services and technology portfolio of Indian IT companies that has been built over the years, said the company’s head of India business and corporate affairs.
Tech Mahindra emphasized on its long standing relationship with TPG Telecom (TPG). This deal further strengthens the relationship with it and aids in expanding existing customer experience capabilities and business in the Philippines, the IT major said.
Analysts at Nomura shared a buy call for Tech Mahindra, with a target price of Rs 1,470 saying that the Q3 financials were above estimates on growth front