Tech Mahindra Reports 32% Profit Surge in Q2 FY2026

Tech Mahindra has announced a remarkable 32% year-on-year increase in net profit, reaching Rs 1,586 crore for the quarter ending September 30, 2026. This growth reflects the company's robust performance in the IT sector and showcases its ability to navigate challenging market conditions effectively.

In addition to the profit surge, Tech Mahindra reported consolidated revenue of Rs 16,180 crore, which represents a 15.6% increase compared to the same quarter last year and a 3% rise from the previous quarter. The EBIT margin also saw an improvement, rising by 40 basis points sequentially to 14.8%, and by 260 basis points year-on-year, indicating enhanced operational efficiency.

The company achieved net new deal wins totaling $1.02 billion in Q2, marking a 25.4% increase year-on-year. This achievement signifies the fourth consecutive quarter in which Tech Mahindra has secured over a billion dollars in new contracts. CEO Mohit Joshi emphasized the importance of customer relationships and the trust established over the years, which have contributed to these successful deal wins.

With a total workforce of 152,206 employees, Tech Mahindra has added 5,446 new employees during this quarter. The company also declared an interim dividend of Rs 15 per share, reflecting its commitment to delivering value to shareholders. Following the announcement of these results, Tech Mahindra's shares closed 4.73% higher, indicating positive investor sentiment.

Looking ahead, Tech Mahindra celebrates its 40th anniversary this quarter, with plans to continue building on its legacy of innovation and long-term value creation. The company aims to maintain its business momentum, supported by a year-on-year constant currency growth of 7.2%. Investors and stakeholders can expect further developments as the company continues to expand its market presence and enhance its service offerings.