Tech Mahindra Ltd provides comprehensive range of IT services, including IT enabled service, application development and maintenance, consulting and enterprise business solutions, etc. to a diversified base of corporate customers in a wide range of industries. Presenting below are its Q2 FY26 earnings results.
Q2 FY26 Earnings Results
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Revenue from Operations: ₹13,995 crore, up 4.8% QoQ and 5.1% YoY.
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EBIT: ₹1,699 crore, up 15.0% QoQ and 32.7% YoY, EBIT margin expanded to 12.1% from 11.1% in Q1 FY26.
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Net Profit (PAT): ₹1,202 crore, up 4.7% QoQ but down 4.45% YoY (prior year had a ₹450 crore one-time land sale gain).
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EPS: ₹12.19.
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Interim Dividend: ₹15 per equity share declared.
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Deal Wins: $816 million, up 35% YoY.
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Headcount: 152,714; attrition at 12.8%.
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Cash and Cash Equivalents: ₹7,287 crore.
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Other Metrics: DSO steady at 94 days; utilization and cost control support margin.
Management Commentary & Strategic Decisions
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CEO Mohit Joshi described the business environment as “still fragile but stabilizing,” with hopes for improved growth in H2 FY26.
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Tech Mahindra launched TechM Orion, a next-generation AI platform and marketplace, targeting accelerated enterprise transformation.
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Emphasis was placed on margin discipline, operational efficiency, and broad-based growth across IT and business process services, with particularly strong momentum in manufacturing, BFSI, and healthcare verticals.
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CFO Rohit Anand highlighted eight consecutive quarters of margin expansion and robust deal conversions, supporting strong TCV metrics.
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The board approved the interim dividend and reiterated its focus on shareholder value.
Q1 FY26 Earnings Results
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Revenue from Operations: ₹13,351 crore, up 2.7% YoY, slight QoQ growth.
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EBIT: ₹1,477 crore, up 34% YoY, margin 11.1%.
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Net Profit (PAT): ₹1,141 crore, up 34% YoY from ₹852 crore in Q1 FY25.
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Adjusted PAT margin: 8.5%.
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Deal Wins: $809 million, up strongly YoY.
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Attrition: 12.6%.
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Major Spend Areas: Cost control remained central to margin improvement, with total employee count and operational expenditures stable.
To view the company’s previous earnings and latest concall transcripts, click here to visit the Alphastreet India news channel.