Tech Mahindra Q1 FY26 Results: Strong 34% Jump in Profit Signals Recovery
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…
