loader2
Login Open ICICI 3-in-1 Account
Open ICICI 3-in-1 Account

Tech Mahindra Results: Latest Quarterly Results & Analysis

Open Free Trading Account Online with ICICIDIRECT
+91
Tech Mahindra Ltd. 14 Oct 2025 18:53 PM
Result PDF

Q2FY26 Quarterly Result Announced for Tech Mahindra Ltd.

IT Consulting & Software company Tech Mahindra announced Q2FY26 results

Q2FY26 Financial Highlights:

  • Revenue Rs 13,995 crore; up 4.8% QoQ, up 5.1% YoY.
  • EBIT Rs 1,699 crore; up 15.0% QoQ, up 32.7% YoY.
  • Consolidated PAT Rs 1,195 crore; up 4.7% QoQ; Operational PAT up 35.5% YoY.
  • Diluted Earnings per share (EPS) at Rs 13.46.

Other Highlights:

  • Total headcount at 1,52,714; down 1,559 YoY.
  • LTM IT attrition at 12.8%.
  • Days of Sales Outstanding 94 days; flat YoY.
  • Cash and Cash Equivalent at the end of the quarter Rs 7,287 crore.
  • Interim dividend declared Rs 15 per share.

Mohit Joshi, CEO and Managing Director, Tech Mahindra, said: “We delivered broad-based growth this quarter, reflecting the strength of our strategy and execution. We launched TechM Orion, our next-generation AI platform, and TechM Orion Marketplace to help enterprise accelerate autonomous transformation. Being recognized by industry analysts reinforces our leadership in advancing next-generation AI.”

Rohit Anand, Chief Financial Officer, Tech Mahindra, said: “This quarter marks the eighth consecutive period of margin expansion, driven by operational efficiency and disciplined execution. Our deal TCV is up 57% YoY on LTM basis, supported by strong deal conversions. The Board has approved a dividend of Rs 15 per share reflecting our continued focus on shareholder value.”

Result PDF

Result PDF
IT Consulting & Software company Tech Mahindra announced Q1FY26 results

Q1FY26 Financial Highlights:

  • Revenue at Rs 13,351 crore; up 2.7% YoY.
  • EBIT at Rs 1,477 crore; up 34.0% YoY.
  • Consolidated PAT at Rs 1,141 crore; up 34.0% YoY.
  • Diluted Earnings per share (EPS) at Rs 12.86.

Other Highlights:

  • Total headcount at 148,517; up 897 YoY.
  • LTM IT attrition at 12.6%.
  • Days of Sales Outstanding 95 days; up 2 days YoY.
  • Cash and Cash Equivalent at the end of the quarter Rs 8,072 crore.

Mohit Joshi, CEO and Managing Director, Tech Mahindra, said: “Our performance is steadily strengthening, reflecting disciplined execution and a focused strategy. Deal wins have increased by 44% on a last twelve months (LTM) basis, supported by broad-based momentum across verticals and geographies.”

Rohit Anand, Chief Financial Officer, Tech Mahindra, said: “We have delivered seven consecutive quarters of margin expansion - a clear reflection of the discipline and focus across our organization. Even in an uncertain environment, our Project Fortius program continues to generate meaningful results and drive operational improvements.”

Result PDF

IT Consulting & Software company Tech Mahindra announced Q4FY25 & FY25 results

Q4FY25 Financial Highlights:

  • Revenue at Rs 13,384 crore; up 0.7% QoQ, up 4.0% YoY.
  • EBIT at Rs 1,405 crore; up 4.1% QoQ, up 48.5% YoY.
  • Consolidated PAT at Rs 1,167 crore; up 18.7% QoQ, up 76.5% YoY.
  • Diluted Earnings per share (EPS) at Rs 13.15.

FY25 Financial Highlights:

  • Revenue at Rs 52,988 crore; up 1.9% YoY.
  • EBIT at Rs 5,138 crore; up 63.3% YoY.
  • Consolidated PAT at Rs 4,252 crore; up 80.3% YoY.
  • Diluted Earnings per share (EPS) at Rs 47.91

Other Highlights:

  • Total headcount at 148,731; down 1,757 QoQ, up 3,276 YoY.
  • LTM IT attrition at 11.8%.
  • Days of Sales Outstanding 88 days; same as Q3FY25, down 4 days YoY.
  • Cash and Cash Equivalent at the end of the quarter Rs 7,656 crore.
  • Final Dividend recommended @ Rs 30 per share; Total Dividend for the year @ Rs 45 per share

Mohit Joshi, CEO and Managing Director, Tech Mahindra, said: “This year, we laid a strong foundation for our transformation journey. Through strategic investments in our people, leadership, and capabilities, we have positioned ourselves to accelerate our strategic roadmap. Our deal wins at USD 2.7 billion, reflect a 42% YoY increase and are a clear validation of the depth of our client partnerships.”

Rohit Anand, Chief Financial Officer, Tech Mahindra, said: “This year, we delivered operational excellence by achieving a 60% increase in operating profit through strong execution, operational leverage, and cost management. We raised our dividend per share by 12.5% and returned 85% of our free cash flow to shareholders, reflecting our commitment to capital allocation policy.”

Result PDF

IT Consulting & Software company Tech Mahindra announced Q3FY25 results
  • Revenue: Rs 132,856 million compared to Rs 131,013 million during Q3FY24.
  • EBITDA: Rs 18,090 million compared to Rs 11,465 million during Q3FY24.
  • PBT: Rs 12,974 million compared to Rs 6,788 million during Q3FY24.
  • PAT: Rs 9,832 million compared to Rs 5,104 million during Q3FY24.
  • EPS: basic Rs 11.10 & diluted Rs 11.08 for Q3FY25.

Mohit Joshi, CEO, Tech Mahindra, said: “We see an improved rate of deal wins in our key verticals and priortised markets. This coupled with consistent expansion in operating margins, despite cross-currency headwinds during the quarter, reaffirms that we are on track to achieve our long-term goals.”

Rohit Anand, CFO, Tech Mahindra, said: “We delivered growth in EBIT margin and operating PAT, both on a sequential and year-on-year basis, resulting from our targeted actions under Project Fortius, along with steady increase in new deal wins, across prioritised verticals and markets. Our continued focus on optimising working capital management has resulted in generation of robust free cashflow.”

Result PDF

IT Consulting & Software company Tech Mahindra announced Q2FY25 results

Financial Highlights:

  • Revenue USD 1,589 million; up 1.9% QoQ, up 2.2% YoY.
    • Revenue grew by 0.7% QoQ, up by 1.2% YoY in constant currency terms.
  • Revenue Rs 13,313 crore; up 2.4% QoQ, up 3.5% YoY.
  • EBITDA USD 209 million; up 11.3% QoQ, up 61.4% YoY.
  • EBITDA Rs 1,750 crore; up 11.9% QoQ, up 63.2% YoY.
  • EBITDA Margin 13.1%, up 110 bps QoQ, up 480 bps YoY.
  • Profit after tax (PAT) USD 149 million; up 46.1% QoQ, up 150.7% YoY.
  • Consolidated PAT Rs 1,250 crore; up 46.8% QoQ, up 153.1% YoY.
  • PAT Margin 9.4%, up 280 bps QoQ, up 560 bps YoY.
  • Free cash flow USD 157 million.
  • New deal wins TCV USD 603 million.
  • Earnings per share (EPS) Rs 14.10

Other Highlights:

  • Total headcount at the end of the quarter 1,54,273, up 6,653 QoQ and 3,669 YoY.
  • LTM IT attrition 10.6% • Days of Sales Outstanding 94 days; up 1 day QoQ, down 3 days YoY.
  • Cash and Cash Equivalent at the end of the quarter Rs 6,566 crore.
  • Interim dividend declared Rs 15 per share

Mohit Joshi, Chief Executive Officer and Managing Director, Tech Mahindra, said: “We continue to progress on our strategic improvement efforts even as the overall IT services industry has remained soft. We have focused on strengthening client relationships and expanding the partner ecosystem while maintaining a sharp focus on operational excellence through project Fortius, which has resulted in an expansion of margins for the third sequential quarter.”

Rohit Anand, Chief Financial Officer, Tech Mahindra, said: “This quarter we see consistent performance around increasing deal wins, revenue growth, cost optimization and steady free cashflow generation as we continue our journey towards FY27 stated targets. In line with our capital allocation policy the board has declared an interim dividend of Rs. 15 per share.”

Result PDF

IT Consulting & Software company Tech Mahindra announced Q1FY25 results:

Financial Highlights:

  • Revenue at Rs 13,005 crore; up 1.0% QoQ, down 1.2% YoY
  • EBITDA at Rs 1,564 crore; up 11 .1 % QoQ, up 16.9% YoY; Margin at 12.0%, up 110 bps QoQ, 190 bps YoY
  • Consolidated PAT at Rs 851 crore; up 28.8% QoQ, up 23.0% YoY
  • Earnings per share (EPS) at Rs 9.62

Other Highlights:

  • Total headcount at 147,620 up 2,165 QoQ, down 677 YoY ,
  • Cash and Cash Equivalent at Rs 8,055 crore as of June 30, 2024

Mohit Joshi, Chief Executive Officer and Managing Director, Tech Mahindra, said, "It is encouraging to see positive momentum in most industry verticals which has led to revenue growth and margin expansion in an otherwise seasonally weak quarter. We continue to focus on execution and are on track to achieve our stated goals for FY27."

Rohit Anand, Chief Financial Officer, Tech Mahindra, said, "The Q1 results are a positive start both for current turnaround year as well as for our medium-term strategy. As we mentioned in our strategic priorities, our focus continues to be on investing in the business for longterm sustainable performance."

Result PDF

IT Consulting & Software company Tech Mahindra announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights (USD):

  • Revenue stood at USD 1,548 million, witnessing a decrease of 1.6% QoQ and 7.2% YoY.
    • Revenue declined by 0.8% QoQ and by 6.4% YoY in constant currency terms.
  • EBITDA reached USD 169 million, marking a significant increase of 22.9% QoQ, but a decrease of 31.1% YoY, with a margin of 10.9%, up by 220 basis points (bps) QoQ.
  • Profit after tax (PAT) amounted to USD 79 million, showing a notable increase of 29.5% QoQ, but a decline of 41.5% YoY.
  • Free cashflow was recorded at USD 129 million.

Q4FY24 Financial Highlights (INR):

  • Revenue totaled Rs 12,871 crore, a decrease of 1.8% QoQ and 6.2% YoY.
  • EBITDA amounted to Rs 1,408 crore, an increase of 22.8% QoQ, but a decrease of 30.3% YoY.
  • Consolidated PAT stood at Rs 661 crore, an increase of 29.5% QoQ, but a decline of 40.9% YoY.
  • Earnings per share (EPS) was at 7.45.

FY24 Financial Highlights (USD):

  • Revenue amounted to USD 6,277 million, marking a decrease of 5.0% YoY.
    • Revenue declined by 4.7% YoY in constant currency terms.
  • EBITDA reached USD 599 million, witnessing a significant decrease of 39.5% YoY, with a margin of 9.6%, down by 550 basis points (bps) YoY.
  • Profit after tax (PAT) amounted to USD 284 million, showing a notable decrease of 52.2% YoY.
  • Free cash flow was recorded at USD 676 million.

FY24 Financial Highlights (INR):

  • Revenue amounted to Rs 51,996 crore, decrease of 2.4% YoY.
  • EBITDA reached Rs 4,965 crore, witnessing a significant decrease of 38.2% YoY.
  • Consolidated PAT stood at 2,358 crore, marking a notable decrease of 51.2% YoY.
  • Earnings per share (EPS) was at 26.58.

Other Highlights:

  • Total headcount was at 145,455, down by 795 QoQ.
  • Cash and Cash Equivalent amounted to Rs 7,912 crore as of March 31, 2024.

Mohit Joshi, Chief Executive Officer and Managing Director of Tech Mahindra, stated, "As we enter FY'25, we are anticipating an enhancement in client spending, which instills optimism for a stronger revenue performance ahead. Our distinct capability to empower customers with transformative scale at unmatched speed sets us apart from competitors. Despite the challenges faced by the IT services sector in FY'24, including global economic uncertainties, we have observed a significant push towards digital adoption."

Rohit Anand, Chief Financial Officer of Tech Mahindra, added, "With another quarter of robust cash generation, we have witnessed improvements in deal wins and operating margins in Q4FY’24, facilitating consistent dividend distribution. We are confident that our strategic actions will result in steady earnings growth in the coming years. Our focus remains on operational excellence and cost savings to deliver superior shareholder returns."

Result PDF

IT Consulting & Software company Tech Mahindra announced Q3FY24 results: Financial Highlights
  • In USD:
    • Revenue at USD 1,573 million; up 1.1% QoQ, down 5.7% YoY
    • Revenue up by 1.1% QoQ, declined by 5.4% YoY in constant currency terms
    • EBITDA at USD 138 million; up 6.4% QoQ, down 47.1% YoY; Margin at 8.8%, up 40 bps QoQ
    • Profit after tax (PAT) at USD 61 million; up 3.0 % QoQ, down 61.0 % YoY
    • Free cash flow at USD 228 million
  • In INR:
    • Revenue at Rs 13,101 crore; up 1.8% QoQ, down 4.6% YoY
    • EBITDA at Rs 1,146 crore; up 6.9% QoQ, down 46.5% YoY
    • Consolidated PAT at Rs 510 crore; up 3.4% QoQ, down 60.6% YoY
    • Earnings per share (EPS) at Rs 5.8
Workforce Data
  • Total Headcount: 1,46,250, a decrease from the previous quarter's 1,50,604.
  • Attrition Rate: Long Term (LTM) attrition in IT reported at 17%.

Mohit Joshi, Managing Director & Chief Executive Officer, Tech Mahindra, said, "The quarter was a mixed outcome, with growth in the Manufacturing and Healthcare segments but muted spending in areas like Communications, BFSI, and Hi-tech. While this dichotomy in the markets will take its own time to settle, we are focusing internally on realigning under the new structure and strengthening the foundations of our organisation."

Rohit Anand, Chief Financial Officer, Tech Mahindra, said, "This year has given us the opportunity to step back and review our portfolio. We are confident that these actions will help us correct our course and deliver value in the long term. We are encouraged by the robust cash conversions this year, and we hope to continue this rigor in other operational areas as well."

 

 

Result PDF

IT Consulting & Software company Tech Mahindra announced Q2FY24 results:

  • Financial highlights for the quarter (USD):

    • Revenue: USD 1,555 million; down 2.8% QoQ, down 5.1% YoY. In constant currency terms, revenue declined by 2.4% QoQ.
    • EBITDA: USD 129 million; down 20.5% QoQ, down 47.3% YoY. Margin at 8.3%, down 180 bps QoQ.
    • Profit after tax (PAT): USD 59 million; down 29.3% QoQ, down 62.5% YoY.
    • Free cash flow: USD 213 million.

  • Financial highlights for the quarter (INR):

    • Revenue: Rs 12,864 crore; down 2.2% QoQ, down 2.0% YoY.
    • EBITDA: Rs 1,072 crore; down 19.9% QoQ, down 46.0% YoY.
    • Consolidated PAT: Rs 494 crore; down 28.7% QoQ, down 61.6% YoY.
    • Earnings per share (EPS): Rs 5.6.
    • The Board approved an interim dividend of Rs 12 per share.

  • Other Highlights:

    • Total headcount: 1,50,604, up 2,307 QoQ.
    • Cash and Cash Equivalent: Rs 6,515 crore as of September 30, 2023.

 

 

Result PDF

IT Consulting & Software company Tech Mahindra announced Q1FY24 results:

  • In terms of USD:
    • Revenue at USD 1,601 million; down 4.0% QoQ, down 1.9% YoY
      • Revenue reduced by 4.2% QoQ in constant currency terms
    • EBITDA at USD 163 million; down 33.7% QoQ, down 31.8% YoY
    • EBITDA Margin at 10.2%, down 460 bps QoQ
    • Profit after tax (PAT) at USD 84 million; down 38.0% QoQ, down 41.1% YoY
    • Free cash flow at USD 106 million, conversion to PAT at 126%
  • In terms of INR:
    • Revenue at Rs 13,159 crore; down 4.1% QoQ, up 3.5% YoY
    • EBITDA at Rs 1,338 crore; down 33.8% QoQ, down 28.8% YoY
    • Consolidated PAT at Rs 693 crore; down 38.0% QoQ, down 38.8% YoY
    • Earnings per share (EPS) was at Rs 7.82
  • Total headcount at 1,48,297 down 4,103 QoQ
  • Cash and Cash Equivalent at Rs 7,701 crore as of June 30, 2023

CP Gurnani, Managing Director & Chief Executive Officer, Tech Mahindra, said, "Our results this quarter reflect the uncertainty in the global economy and the IT sector. We are confident that we have the right strategy and the right team to overcome this temporary setback and deliver long-term value for our customers and shareholders."

Rohit Anand, Chief Financial Officer, Tech Mahindra, said, "This quarter was a challenging one for us as revenue growth faced strong headwinds, and that had an impact on profitability. We have taken swift and decisive actions to address these issues and improve our execution."

Result PDF

Trending News

China has announced restrictions on silver exports from 2026

China has announced restrictions on silver exports from 2026

Published on 15-Dec-2025 09:03

BEL has secured additional orders worth ₹776 crore since with the new orders spanning a wide range of defence and electronics products

BEL has secured additional orders worth ₹776 crore since with the new orders spanning a wide range of defence and electronics products

Published on 15-Dec-2025 09:01

The Cabinet Committee on Economic Affairs approved an increase in the Minimum Support Price (MSP) for copra for the 2026 season.

The Cabinet Committee on Economic Affairs approved an increase in the Minimum Support Price (MSP) for copra for the 2026 season.

Published on 15-Dec-2025 09:00

ACE and Sanghvi Movers have signed a strategic MoU

ACE and Sanghvi Movers have signed a strategic MoU

Published on 12-Dec-2025 09:05

Chalet Hotels has announced its plans to acquire a resort in Udaipur

 Chalet Hotels has announced its plans to acquire a resort in Udaipur

Published on 12-Dec-2025 09:04

Union Cabinet is expected to consider the Insurance Amendment Bill that proposes major regulatory changes

Union Cabinet is expected to consider the Insurance Amendment Bill that proposes major regulatory changes

Published on 12-Dec-2025 09:01

Disclaimer – I ICICI Securities Ltd. ( I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is acting as a distributor to solicit bond related products. All disputes with respect to the distribution activity, would not have access to Exchange investor redressal forum or Arbitration mechanism. The contents herein above shall not be considered as an invitation or persuasion to trade or invest. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. Investments in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein mentioned are solely for informational and educational purpose.
Download App

Download Our App

Play Store App Store
market app
✕
Application status