Tech Mahindra's Profit Surge

Tech Mahindra reported a consolidated net profit of ₹1,465 crore for the first quarter (Q1) of FY2026-27, registering a 28.4% year on year growth. Revenue from operations increased 17.7% to nearly ₹15,712 crore during the April-June quarter. In dollar terms, the company posted revenue of $1.66 billion, up 2.2% quarter on quarter and 6.1% year on year.

Tech Mahindra CEO and Managing Director Mohit Joshi said the company delivered strong quarterly performance and recorded one of the highest growth rates in the industry. He attributed the growth to improved capabilities, strategic hiring, new client acquisitions and consolidation deals. Joshi also said campus hiring is expected to resume as revenue visibility has improved, while the number of clients contributing over $50 million in business increased by seven.