Tech Mahindra reported a 16 percent annual increase in net profit of ₹1,353 crorein the March-ending quarter, led by increased revenue by 12.6 per cent to ₹15,076 crore and lower financial cost.

Its EBITDA for the quarter rose 10.2 per cent sequentially and 48.3 per cent on a year-on-year basis to ₹2,084 crore. EBIT margins went up 70 basis points at 13.8 per cent.

The company reported a 20.5 percent sequential increase in net profit of ₹1,353 crorein the March-ending quarter, while revenue increased 4.7 per cent to ₹15,076 crore.

“We are accelerating our transition to an AI-led organization, embedding AI across services and expanding our capabilities to enhance value delivery for our clients. This is reflected in our highest deal wins in recent years including consecutive quarters exceeding $ 1 billion. We remain focused on scaling with discipline and are on track to delivering our FY27 commitments,” said Mohit Joshi, CEO and Managing Director, Tech Mahindra.

Rohit Anand, Chief Financial Officer, Tech Mahindra, said, “FY26 marked the end of the Stabilization Phase of our transformation journey, with margins expanding for the 10th consecutive quarter despite a challenging macro environment. In line with our disciplined capital allocation framework and commitment to our shareholders, we increased the dividend by over 13 per cent, taking total dividends declared for the year to ₹51 per share, our highest ever.”

In US dollar, net profit increased 6.7 per cent annually and revenue was down 1.7 per cent. The company also talked about working on a new pricing model that incorporates AI, partly charging for digital labour, distinct from human labour.

TCV wins and clients

New deal wins stood at $1.1 billion, up 34 per cent year-on-year (y-o-y) and down 2 per cent sequentially. In terms of client portfolio, Tech Mahindra added one new client both in the $10 million and $50 million plus client buckets and 2 new clients in the $20 million bucket.

Vertical performance

BFSI reported the highest growth of 8 per cent sequentially and 4.7 per cent annually. Technology, Media and Entertainment reported quarterly growth of 2.5 per cent and 6.6 per cent on an on-year basis. Communications grew 1.8 per cent sequentially and 5.6 per cent annually. Both manufacturing and healthcare and life sciences declined marginally on a sequential basis but grew annually to 11.8 per cent and 4.7 per cent respectively.

Market performance

Geographically, Europe and te rest of the world markets grew to 2.7 per cent while Americas declined by 0.8 per cent on a seuqneitla basis. Annually Americas grew 7.7 per cent while Europe increased 7.4 per cent. Rest of the world declined by 2.7 per cent.

Q4 headcount

The company reported an IT headcount of 75,377 employees, down by 817 employees seuqentially. The IT LTM attrition is at 12.1 per cent.

Published on April 22, 2026