Mumbai, July 16, 2025: Tech Mahindra, one of India’s top IT services firms, reported a solid performance in its Q1 results for FY26. The company posted a 34% year-on-year (YoY) jump in consolidated net profit, reaching ₹1,141 crore, signaling strong recovery momentum despite global macro uncertainties.
The revenue for the quarter stood at ₹13,450 crore, showing a 2.7% YoY growth. Sequentially, however, the revenue remained relatively flat due to continued softness in telecom and manufacturing verticals.
In a statement, Tech Mahindra’s CEO & MD Mohit Joshi said,
“We are focused on driving operational efficiency and sharpening our client focus. The strong profit growth reflects our continued push for sustainable, high-margin business.”
The company’s EBIT margin improved to 10.4%, up 90 basis points from the previous quarter. Strong cost discipline and optimized delivery helped boost the margins.
Headcount declined by 1,250 employees, a trend similar to peers, as companies optimize hiring post-pandemic.
Tech Mahindra added $450 million in new deals, largely driven by cloud transformation and GenAI services, highlighting customer confidence in long-term digital transformation.
With a cautious but optimistic outlook for the next quarters, Tech Mahindra is aiming to ride the AI and digital wave while improving profitability.
