DBT Bureau
Pune, 16 July 2026
Tech Mahindra announced the audited consolidated financial results for the quarter ended June 30, 2026.
Financial highlights for the quarter (USD)
- Revenue USD 1,660 mn
- up 2.2% QoQ, up 6.1% YoY in reported terms
- up 2.6% QoQ, up 6.6% YoY in constant currency terms
- EBIT USD 238 mn, up 7.1 % QoQ, up 38.6 % YoY
- EBIT Margin 14.4%, up ~60 bps QoQ, up ~330 bps YoY
- Profit After Tax (PAT) USD 154 mn, up 16.2% YoY
- Profit After Tax (PAT) Margin 9.3%, up 80 bps YoY
- Free cash flow USD 167 mn
- New deal wins TCV USD 1,078 mn, up 33.3% YoY
Financial highlights for the quarter (₹)
- Revenue ₹ 15,712 crores; up 4.2% QoQ, up 17.7% YoY
- EBIT ₹ 2,264 crores; up 8.6% QoQ, up 53.3% YoY
- Profit After Tax (PAT) ₹ 1,465 crores, up 28.4% YoY
- Diluted Earnings per share (EPS) at ₹ 16.50
Other Highlights
- Total headcount at 146,760; down 863 QoQ
- LTM IT attrition at 11.8%
- Days of Sales Outstanding 84 days
- Cash and Cash Equivalent at the end of the quarter ₹ 9,695 crores
Mohit Joshi, CEO and Managing Director, Tech Mahindra, said, “YoY growth of 6.1% coupled with three consecutive quarters of deal wins exceeding $ 1 billion dollars underscores the resilience of our business and the growing relevance of our offerings. Equally encouraging is the continued deepening of client relationships, with our $50 million-plus client base up by seven and all verticals delivering growth YoY.”
Rohit Anand, Chief Financial Officer, Tech Mahindra, said, “We delivered a strong Q1 performance with broad-based growth, margin expansion, and disciplined working capital management, reflecting consistent execution and sustained business momentum. We remain committed to building a future-ready organization through continued investments in differentiated capabilities, domain-specific and sovereign AI, platforms, and talent—while maintaining a clear focus on growth and operational rigor.”
Key Deal Wins
- Selected by a leading global payments technology company as a preferred technology partner to support its next-generation product and program roadmap. Leveraging Tech Mahindra’s product engineering expertise, payments domain knowledge, and AI-led delivery capabilities, the collaboration will help scale innovative payment solutions, reduce technical debt, and drive KPIled outcomes across global operations.
- Selected by a leading regional health system in the U.S. as its strategic partner for an integrated applications and infrastructure managed services engagement. Leveraging experience supporting 200+ health systems and deep healthcare transformation expertise, Tech Mahindra will help strengthen operational resilience, accelerate modernization, enhance caregiver and patient experiences
- Selected by a leading global aerospace and defence company to provide end-to-end database administration services across a complex, mission-critical environment. By leveraging its platform-based delivery model, AIOps, and deep domain expertise, Tech Mahindra will support and enhance the customer’s long-term digital transformation objectives through AI-driven operations, strengthened cybersecurity and compliance, and cloud-ready operations
- Selected by a global leader in industrial processes to support the transformation of its R&D and product development functions as part of a broader product innovation and cost optimization agenda. This strategic engagement leverages Tech Mahindra’s deep engineering and manufacturing expertise to drive enterprise-wide cost efficiencies and enhance both internal and third-party manufacturing processes
- Selected by a leading New Zealand Telecom Operator as their strategic partner for a 5-year technology and AI engineering services engagement. This win reflects strong confidence in Tech Mahindra’s deep domain expertise, client relationships, and proven delivery excellence in mission-critical applications management, support, DevOps, and AI Engineering
- Selected by a leading telecom group in Africa to implement a common platform unifying the client’s Telecom, Fiber, and Fintech business units across multiple countries. This partnership was secured on the back of Tech Mahindra’s strong telecom domain expertise and rich experience in African markets and will play a critical role in advancing the customer’s broader strategic transformation agenda
- Selected by an American autonomous driving technology company to enhance the scaled rollout of fully autonomous technology across US cities and global markets. By leveraging its strong GIS domain expertise, Tech Mahindra will deliver high quality HD map develop and maintenance services enabling the safety and efficiency of the customer’s technology
- Selected by a global leader in industrial process fluids and specialty chemicals to transform and manage its Infrastructure & Operations environment as part of the company’s strategic IT modernization journey. This engagement leverages Tech Mahindra’s deep manufacturing and chemicals industry expertise, global managed services capabilities, automation-led delivery model, and AI-driven operations framework to provide end-to-end infrastructure, service management, and workplace support services
