Posted on April 24, 2025, by Niftynews
Tech Mahindra share price moved higher on April 24, gaining investor traction ahead of its Q4FY25 results. The stock climbed nearly 2% in early trade, signaling renewed investor interest in the IT major despite a broadly weak market.
Opening at ₹1,450.45, Tech Mahindra shares touched an intraday high of ₹1,466.05 on the BSE, marking a notable rebound after four consecutive months of decline. As of 10:00 AM, the stock was trading at ₹1,452.10—up 0.90% from the previous close.
This movement places Tech Mahindra firmly in the spotlight, especially as expectations build around its March quarter earnings and future outlook.
🔍 Stock Performance Snapshot
- April 24 Opening Price: ₹1,450.45
- Intraday High: ₹1,466.05
- YTD Performance: -16%
- April Performance: +2%
- 52-Week Low: ₹1,172.55 (April 25, 2024)
- 52-Week High: ₹1,807.40 (December 12, 2024)
After months of downward pressure, Tech Mahindra share price seems to be finding support, especially with Q4 results expected to offer clarity on recovery and future margin guidance.
📊 What to Expect from Tech Mahindra Q4FY25 Results
Tech Mahindra is scheduled to announce its Q4 earnings on Thursday, April 24, 2025, along with a possible interim dividend for FY25. Market participants and analysts are closely watching not just the numbers but also the management commentary around FY26 and FY27 guidance.
🔸 Revenue Trends
According to Motilal Oswal Financial Services, Tech Mahindra is expected to report a 0.8% quarter-on-quarter decline in constant currency revenue. The softness is attributed to a muted recovery in key verticals like telecom and manufacturing, which jointly contribute around 50% of total revenue.
“While the communications vertical has stabilised, recovery may take time,” noted Motilal Oswal.
🔸 Profit and Margins
Motilal forecasts a 3.3% year-on-year and 1.8% quarter-on-quarter growth in adjusted profit after tax (PAT). Margins are expected to rise by 10 basis points, aided by cost efficiencies under Project Fortius, despite wage hikes.
Nuvama Institutional Equities, on the other hand, sees a 0.7% QoQ decline in constant currency revenue, and a 1.5% drop in USD terms, citing headwinds from low-margin deal closures and challenges in the hi-tech sector.
⚙️ What Is Project Fortius?
Unveiled last year, Project Fortius is Tech Mahindra’s three-year transformation initiative aimed at improving operational efficiencies and achieving a 15% operating margin. The Q4 results are expected to reflect early outcomes from this program, making it a key point of interest in the management’s commentary.
Analysts are particularly interested in how Project Fortius is helping Tech Mahindra absorb wage cost pressures while stabilizing profitability across verticals.
💼 Sector Outlook: Why IT Stocks Are in Focus
Indian IT companies have faced a challenging year, with global demand sluggish and tech spending under pressure. However, Tech Mahindra share price shows signs of resilience due to:
- Stabilization in telecom sector demand
- Recovery in deal wins from Q3
- Seasonal gains from subsidiaries like Comviva
- Rationalization of workforce costs
Investors are keen to know if the recovery in deal flow will continue into FY26 and whether the company will revise or reaffirm its long-term guidance.
🗣️ Key Investor Watch Points
As Tech Mahindra prepares to release Q4 numbers, here are the top things investors should look out for:
- Total Contract Value (TCV) of new deals – has the growth momentum sustained?
- Vertical-specific performance, especially in telecom, media, and manufacturing
- Margin commentary under Project Fortius
- Management’s outlook on FY26–FY27 revenue and profitability
- Interim dividend declaration for FY25
Analysts suggest that even a modest improvement in margins or TCV figures could reignite bullish sentiment in the stock.
📉 Market Sentiment and Technical View
While the Sensex was down 0.22% at 79,938 during early trade, Tech Mahindra share price outperformed most of its IT peers.
From a technical perspective, the stock is hovering above its key moving averages. A breakout above ₹1,470–₹1,480 could trigger a rally toward ₹1,520 in the near term, especially if earnings surprise on the upside.
📝 Final Thoughts: Can Q4 Be the Turning Point?
After underperforming the broader market for most of the past year, Tech Mahindra share price seems to be at an inflection point. With Project Fortius underway and deal wins improving, the stock could be on the verge of a turnaround—provided the Q4 numbers and guidance align with market hopes.
If the company delivers even mildly positive surprises on margins and revenue, analysts believe the stock could reverse its year-to-date losses quickly.
