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Net Sales are expected to increase by 2.7 percent Q-o-Q (up 3 percent Y-o-Y) to Rs. 13,710 crore, according to Prabhudas Lilladher.
While Tech Mahindra's earnings show for the quarter were mixed, the deal wins and pipeline are strong, according to brokerages.
Ahead of Tech Mahindra's Q3 results, the market was eagerly anticipating updates on the company's wage hike timeline. The wage hike is expected to adversely impact Q4 margins, with an estimated impact of 1-1.15 percent.
Tech Mahindra's margins are likely to expand in the September quarter because of easing supply-side constraints, lower visa costs, falling attrition, improved utilisation, and reduced subcontracting costs
Brokerages also expect a muted deal win for the company in the quarter at around $500 million. In the results commentary, they will watch out for strategies for turnaround from the new CEO and outlook on the telecom vertical
The Mahindra Group firm is likely to report a net profit of Rs 1,107 crore, representing a decline of 2.12 percent YoY amid global headwinds, as per analysts.