In USD terms, the revenue was 1.7% sequentially in constant currency terms while EBIT margin rose 100 basis points on a sequential basis to 13.1%.
New deal wins TCV rose 47% YoY and 34.3% QoQ to $1,096 million, the company said in a regulatory filing.
Tech Mahindra’s CEO and MD Mohit Joshi said deal wins on an LTM basis are the highest the company has achieved in the past five years, reflecting an improved deal-win run-rate over the past several quarters.
“The momentum is a testament to our sustained investments in sales, solution-oriented go-to-market approach and the growing relevance of our AI-led offerings in addressing client needs. Together, these efforts are laying a strong foundation for long-term value creation,” he said.
At the end of the December quarter, Tech Mahindra’s total headcount fell by 872 individuals to 149,616. LTM attrition rate came in at 12.3%.
During the quarter, the IT company said it won 28 client deals worth at least $50 million while the figure for $20 million+ deals was at 64.Company CFO Rohit Anand said this quarter reflects a well-rounded financial performance, marked by ninth consecutive quarter of margin expansion and continued strength in cash generation.
“A sustained focus on working capital discipline has led to improved cash flows and a meaningful improvement in DSO, driven by consistent execution. We remain on track in our progress toward our FY27 goals,” he said.
The company’s operational PAT margin stood at 9.2%, up 70 bps QoQ and 180 bps YoY. ROCE stood at 26.9%.
Ahead of the announcement of Q3 earnings results after market hours on Friday, Tech Mahindra shares ended 5.2% up at Rs 1,670.55 on BSE.