Tech Mahindra shares gain over 3% after company beats Q2 estimate; Should you Buy, Sell, or Hold?

Shares of Tech Mahindra gains over 3% to open at Rs 1,745 on NSE today after reporting a remarkable 153.1% year-on-year (YoY) jump in net profit for the second quarter of FY25, reaching Rs 1,250 crore. The company’s revenue rose by 3.5% YoY to Rs 13,313 crore during the same period.

Revenue Performance

In constant currency terms, revenue grew by 0.7% QoQ and 1.2% YoY. However, revenue from the communications vertical declined by 1.7% YoY, while the banking, financial services, and insurance (BFSI) vertical posted a YoY growth of 4.5%. The technology, media, and entertainment segment saw a 2.4% rise in revenue.