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Informist, Wednesday, Apr. 22, 2026

 

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--Tech Mahindra Jan-Mar consol net profit INR 13.54 bln 
--Analysts saw Tech Mahindra Jan-Mar consol net profit at INR 14.98 bln 
--Tech Mahindra Jan-Mar consol revenue INR 150.76 bln 
--Analysts saw Tech Mahindra Jan-Mar consol revenue at INR 148.12 bln 
--Tech Mahindra Jan-Mar consol PAT INR 13.54 bln vs INR 11.22 bln qtr ago 
--Tech Mahindra Jan-Mar consol sales INR 150.76 bln vs INR 143.93 bln qtr ago 
--Tech Mahindra to pay INR 36 per share final dividend 
--Tech Mahindra FY26 consol PAT INR 48.11 bln vs INR 42.52 bln year ago 
--Tech Mahindra Q4 IT svcs revenue INR 126.61 bln vs INR 120.76 bln qtr ago 
--Tech Mahindra Jan-Mar consol revenue up 0.6% QoQ in constant currency 
--Tech Mahindra Jan-Mar consol revenue up 2.4% on yr in constant currency 
--Tech Mahindra Jan-Mar consol EBIT margin 13.8%, up 70 bps on qtr 
--Tech Mahindra Q4 business process svcs sales INR 24.2 bln vs INR 23.2 bln 
--Tech Mahindra Jan-Mar new deal wins worth $1.07 bln, down 2.1% on qtr 
--Tech Mahindra total headcount 147,623 on Mar 31, down 1,108 on year 
--Tech Mahindra IT services last 12-month attrition 12.1%

--Tech Mahindra Jan-Mar consol EBIT INR 20.84 bln, up 10.2% on qtr 

--Tech Mahindra Jan-Mar consol EBITDA INR 25.65 bln vs INR 23.66 bln qtr ago 

--Tech Mahindra Jan-Mar revenue from Americas down 0.8% on qtr 

--Tech Mahindra Jan-Mar revenue from Europe up 2.7% on qtr 

--Tech Mahindra Jan-Mar revenue from rest of the world up 2.7% on qtr 

--Tech Mahindra Jan-Mar communications vertical sales up 1.8% on qtr 

--Tech Mahindra Jan-Mar mfg vertical sales down 0.1% on qtr 

--Tech Mahindra Jan-Mar BFSI vertical sales up 8% on qtr 

--Tech Mahindra Jan-Mar tech, media vertical sales up 2.5% on qtr 

--Tech Mahindra Jan-Mar free cash flow $99 mln vs $194 mln qtr ago 

 

By Shakshi Jain

 

NEW DELHI – Information technology services major Tech Mahindra Ltd. Wednesday posted a strong sequential rise in its consolidated bottom line for the March quarter as total expenses of the company rose slower than the top line. The company, however, missed analysts' consensus estimate by a wide margin. 

 

Tech Mahindra's bottom line reverted to growth territory in Jan-Mar after a sequential decline in the trailing quarter. It was the fastest pace of sequential net profit growth since the September quarter of FY25. The company's sequential top line growth for Jan-Mar was better than that registered in the trailing quarter.

 

The Pune-headquartered company reported a near 21% sequential rise in its consolidated net profit for the reporting quarter at INR 13.54 billion. On a year-on-year basis, the bottom line grew 16%. Analysts had pegged the company's bottom line for Jan-Mar at INR 14.98 billion.

 

The company's consolidated top line for the March quarter grew almost 5% sequentially and nearly 13% on year to INR 150.76 billion. This was higher than the INR 148.12 billion expected by analysts.  

 

In dollar terms, the company's consolidated top line for Jan-Mar grew 0.9% on quarter and 4.9% on year to $1.63 billion. Its constant currency revenue, on a consolidated basis, grew 0.6% sequentially and 2.4% year-on-year in the three months.

 

Revenues from the company's IT services segment grew to INR 126.61 billion in the reporting quarter, up almost 5% from the preceeding quarter. Contribution from the smaller business process services segment improved a little over 4% sequentially to INR 24.2 billion in the quarter under review.

 

Tech Mahindra's consolidated earnings before interest, tax, depreciation, and amortisation for Jan-Mar added up to INR 25.65 billion, up from INR 23.66 billion in the trailing quarter. Its consolidated earnings before interest and tax for the quarter were INR 20.84 billion, up 10.2% on quarter. The company's EBIT margin for the quarter expanded 70 basis points sequentially to 13.8%. "FY26 marked the end of the stabilisation phase of our transformation journey, with margins expanding for the 10th consecutive quarter despite a challenging macro environment," Tech Mahindra Chief Financial Officer Rohit Anand said in a press release.

 

For the full financial year, the company reported consolidated net profit of INR 48.11 billion, up over 13% on year. Its revenue in the 12 months grew a little over 7% on year to INR 568.15 billion. "We remain focused on scaling with discipline and are on track to delivering our FY27 commitments," Tech Mahindra Chief Executive Officer and Managing Director Mohit Joshi was quoted as saying in the release.  

 

Tech Mahindra reported new deal wins worth $1.07 billion for the March quarter, down 2.1% from the trailing quarter. For the full year, the company's total contract value grew nearly 42% on year to a five-year record high of $3.79 billion. 

 

VERTICALS, GEOGRAPHIES

Revenues from Tech Mahindra's largest vertical, communications, grew 1.8% on quarter in Jan-Mar, accounting for 33.4% of the company's overall top line. Besides this, only the banking, financial services, and insurance and technology, media, and entertainment verticals logged sequential growth in the reporting quarter with their revenues growing 8% and 2.5%, respectively. On other hand, revenues from the manufacturing vertical declined 0.1% on quarter and those from the retail, logistics, and transport category fell 5.3% in Jan-Mar. The healthcare and lifesciences vertical registered a 0.8% sequential decline for the quarter under review.   

 

Geography-wise, revenue from Americas declined 0.8% sequentially in the March quarter to account for 49.7% of Tech Mahindra's overall top line for the three months. Meanwhile, contribution from Europe and the rest of the world region grew 2.7?ch on a sequential basis, comprising 26% and 24.3% of the company's top line for the quarter, respectively.

 

During the March quarter, Tech Mahindra generated $99 million in free cash flow. Its total headcount stood at 147,623 as of Mar. 31, down by 1,108 on year. Tech mahindra's attrition rate on last twelve months basis was 12.1%.

 

The company's board has recommended a final dividend of INR 36 per share, the record date for which would be Jul. 3. If approved by shareholders, this would take the company's total dividend for FY26 to INR 51 per share.

 

Wednesday, shares of the company ended at INR 1,462.60 on the National Stock Exchange, down 2.6%.  End

 

US$1 = INR 93.79

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Akul Nishant Akhoury

 

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