Tech Mahindra will report its Q2 results on Friday. The company has guided for sequential revenue growth in the quarter and they have also spoken about margins improvements. The dollar revenue growth, according to the CNBC-TV18 polls, stands at 3.50 percent. In constant currency terms it should be a growth of 1.50-2 percent.

There will be margin expansion. Margins according to the poll should be closer to the 12 percent band. However, despite a sharp improvement in margins, there will be just a modest 3 percent increase in profitability and that is on account of a lower other income if you look at it on a quarter-on-quarter (QoQ) basis.

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