Tech Mahindra Ltd

📈 Tech Mahindra Reports $3.8B in Large Deal Wins & Margin Expansion

- $3.8 billion in large deal wins over the last 12 months

- EBIT margin expanded by 290 basis points over ten consecutive quarters, reaching 12.6%

- Free cash flow reached $616 million with 115% conversion from profit after tax

- 91% of free cash flow returned to shareholders as dividends, the highest ever

- Accounts over $20 million reached a $1 billion quarterly run rate, growing faster than company average

- 84% of client-facing talent is AI-ready, 76% of workforce is AI-certified

- ~95% of Turbocharge clients use GenAI/AI offerings

- Project Fortius improved margins through productivity gains, cost controls, and portfolio synergies

- Growth strategy focuses on balanced industry mix: Manufacturing, BFSI, Communications

- Future plans include scaling AI-led delivery, focusing on mega deals, and investing in consulting and GenAI