• Financial growth targets: Tech Mahindra is confident in meeting its commitments of a 15% margin and outperforming industry peers, supported by a 10-quarter margin expansion and a strong backlog of large deal wins.
• AI revenue impact: Management views client productivity demands on contract rebids as standard rather than uniquely deflationary, expecting agentic AI deployment, sovereign LLMs, and enterprise modernization to offset near-term revenue compression.
• FX hedging strategy: In response to extreme currency volatility, the company has reduced the average tenor of its foreign exchange hedges from two years down to one year or less to minimize earnings risk.
• Fresher hiring outlook: Staffing needs have recently been fulfilled through efficiencies in fixed-price programs, but fresher recruitment in the current year is planned to exceed the 900+ hired in FY26, remaining below the 6,000 recruited in FY25.