India, Jan. 16 -- Tech Mahindra Ltd. clocked its fastest quarterly growth in three years in what is seen as a seasonally weak quarter for India's IT industry, on the back of large deal wins in Europe.

Revenue of the Mahindra Group company rose 2.8% over the previous three months to Rs.14,393 crore in the quarter ended 31 December 2026, according to an exchange filing on Friday (16 January 2026). That compares with the Rs.14,160.39-crore estimate of analysts tracked by Bloomberg.

One basis point is one-hundredth of a percentage point.

The company has reported a one-time cost of Rs.272 crore to its bottom-line due to the implementation of India's new Labour Codes.

On Friday, Tech Mahindra shares rose 5.17% to Rs.1670.55 apiece on the BS...