Tech Mahindra Q1 FY26 Results: Net Profit Jumps 34% YoY to ?1,141 Cr
By Upstox News Desk | Updated: July 16, 2025, 17:21 IST
Net Profit:
– ?1,141 crore in Q1FY26, up 34% YoY (from ?851.5 crore last year)
Revenue from Operations:
– ?13,351 crore, up 2.7% YoY (from ?13,005 crore)
EBIT (Earnings Before Interest & Tax):
– ?1,477 crore, up 34% YoY
Segment Revenue:
– IT services: ?11,264 crore, up 3.55% YoY
– Business Process Services (BPS): ?2,088 crore, down 1.88% YoY
Geography Mix:
– Americas: 49.2% of revenue (down 5.9% YoY)
– Europe: 26% (up 11.7% YoY)
– Rest of World: 24.8% (up 2.9% YoY)
Dollar Revenue:
– $1,564 million, up 1% QoQ
– Revenue in constant currency: down 1.4% QoQ, down 1% YoY
Headcount:
– Increased by 897 YoY to 1.48 lakh employees
Deal Wins and TCV:
– Total Contract Value (TCV): $809 million, up from $534 million in Q1FY25
– Deal wins up 44% on a last twelve months (LTM) basis
AI Impact:
– Strong traction from AI Delivered Right initiative, boosting consulting and deal momentum
CEO Mohit Joshi:
"Our performance reflects disciplined execution and a focused strategy. AI initiatives and deal wins are driving growth across geographies."
CFO Rohit Anand:
"Seven consecutive quarters of margin expansion show our operational discipline despite macro uncertainty."
Stock Performance (July 16, 2025):
– Closed at ?1,608.5 on NSE, up 1.87%
– Market Cap: ?1.58 lakh crore
