Tech Mahindra Share Price: IT Services Provider’s Stock Declines Nearly 4 Per Cent - Know Why

Tech Mahindra Share Price: Shares of Tech Mahindra Ltd declined nearly 5 per cent on the NSE to hit an intraday low of Rs 1,375 apiece on April 25. The stock dropped after the company’s revenue growth remained flat and fell below expectations in the quarter and fiscal ended March 31, 2025.

Tech Mahindra announced its results for the fourth and final quarter of FY 2024-25 on April 24. The company’s consolidated revenue from operations for the March quarter of FY25 stood at Rs 13,384 crore increasing nearly 4 per cent compared to Rs 12,871 crore in the March quarter of FY24. On a quarter-on-quarter basis the IT services company’s revenue from operations grew 0.73 per cent compared to Rs 13,286 crore in the December quarter.

The company’s consolidated revenue from operations for FY 2024-25 stood at Rs 51,996 crore, growing over 1 per cent compared to Rs 52,988 crore in FY 2023-24.

Brokerage firm Nuvama Institutional Equities said in a report that the company’s revenue fell below its expectations.

“TechM reported revenue of $1,549 million (-1.5 per cent CC QoQ), below our expectation of -0.7 per cent CC QoQ,” Nuvama said.

HDFC Securities (HSIE) said in a brokerage note that the company’s sequential revenue has fallen 1.5 per cent in the March quarter in constant currency terms compared to the December quarter. The brokerage added that the revenue decline was attributed to delays in customer renewal decisions and seasonal retail and macro uncertainty.

“Tech Mahindra reported a sequential revenue decline of 1.5 per cent QoQ CC. The revenue decline was attributed to delays in customer renewal decisions, seasonal retail and macro uncertainty. For FY25, the company achieved revenue growth of 0.3 per cent YoY CC after absorbing the impact of strategic scale-downs and operating margins expanded to 9.7 per cent,” HSIE said in the note.

Tech Mahindra’s consolidated profit-after-tax in the March quarter of FY25 surged nearly 72 per cent to Rs 664.2 crore compared to Rs 1141.9 crore in the March quarter of FY24. Sequentially, the company’s profit-after-tax grew by over 15 per cent from Rs 988.8 crore in the December quarter of FY25. The company’s profit-after-tax for FY 2024-25 grew by over 77 per cent compared to Rs 4,253 crore from Rs 2,396.8 crore in FY 2023-24.

Tech Mahindra Share Price History

Shares of Tech Mahindra have climbed over 23 per cent in a year on the NSE. On a year-to-date basis, the company’s stock has tumbled over 14 per cent, and in six months the stock has slumped nearly 16 per cent. In a month the company’s shares have traded lower by over 0.4 per cent. In five days shares of the company have gained nearly 12 per cent.

At the time of writing shares of Tech Mahindra Ltd recovered from their intraday low level to trade at Rs 1,447.6 apiece up by 0.17 per cent on the NSE.