DBT Bureau
Pune, 17 Oct 2026
Tech Mahindra reported a 32.7% year-on-year (YoY) increase in consolidated profit after tax (PAT) to ₹1,586 crore for the quarter ended September 30, 2026 (Q2 FY27), supported by higher revenue and improved operating margins.
The company said in its financial results that consolidated revenue rose 15.6% YoY to ₹16,180 crore during the quarter. Revenue increased 3% quarter-on-quarter (QoQ), while earnings before interest and tax (EBIT) climbed 40.5% YoY to ₹2,387 crore.
EBIT increased 5.4% QoQ, reflecting an improvement in operating performance. Diluted earnings per share (EPS) stood at ₹17.84 for the quarter.
In dollar terms, Tech Mahindra reported revenue of $1,693 million, up 2% QoQ and 6.8% YoY in reported terms. In constant currency terms, revenue grew 2.4% QoQ and 7.2% YoY.
EBIT stood at $250 million, rising 4.9% QoQ and 30.4% YoY. The EBIT margin improved to 14.8%, expanding approximately 40 basis points QoQ and 260 basis points YoY.
Profit after tax reached $166 million, up 23.2% YoY, while the PAT margin increased by 130 basis points to 9.8%.
Tech Mahindra declares ₹15 interim dividend
The company declared an interim dividend of ₹15 per share for shareholders. The announcement accompanies its quarterly financial performance for Q2 FY27.
Tech Mahindra’s new deal wins stood at $1,023 million in total contract value (TCV), marking a 25.4% increase compared with the year-ago period.
Employee strength and cash position
Tech Mahindra’s total headcount stood at 152,206 at the end of the quarter, while last-twelve-month (LTM) IT attrition was 11.7%.
Free cash flow was reported at $135 million, and days sales outstanding (DSO) stood at 88 days. The company’s cash and cash equivalents totalled ₹7,330 crore at the end of the quarter.
The quarterly results reflect growth in revenue and profitability, alongside improved EBIT margins and higher deal wins during the September 2026 quarter.
Mohit Joshi, CEO and Managing Director, Tech Mahindra, said, “Deal wins exceeding $1+ billion in each of the last four quarters reflect the strength of our customer relationships and the trust we have built. With 7.2% year-on-year constant currency growth, we continue to sustain business momentum. As we celebrate our 40th anniversary this quarter, we look ahead with confidence, building on our legacy of innovation, entrepreneurship, and long-term value creation for our stakeholders.”
Rohit Anand, Chief Financial Officer, Tech Mahindra, said, “We delivered another strong quarter of growth, with margins expanding for the twelfth consecutive quarter, reflecting disciplined execution. We continue to invest in AI to improve productivity, drive innovation and build capabilities for future growth. The Board has recommended an interim dividend of ₹15 per share reaffirming our commitment to shareholders.”
