Tech Mahindra's Revenue Growth Stalls in FY25

Tech Mahindra reported a flat growth in constant currency during the March quarter and the entire fiscal year of FY25. CEO Mohit Joshi attributed this stagnation to delays in finalizing a significant deal in the hi-tech sector.

Economic Challenges and Sector Volatility

Joshi highlighted a softer economic climate and volatility in key sectors such as manufacturing, alongside a lack of growth resurgence in the telecom space, as contributing factors to the company's performance.

Strategic Business Decisions

The decision to scale down non-core and loss-making businesses also played a role in the flat revenue growth, as part of Tech Mahindra's strategic adjustments to navigate the challenging economic landscape.