Tech Mahindra reported strong financial performance for Q2, showcasing steady growth across key metrics. The company’s net profit rose 4.8% quarter-on-quarter (QoQ) to ₹1,195 crore, up from ₹1,141 crore in the previous quarter. Revenue also grew by 4.8% QoQ, reaching ₹13,995 crore compared to ₹13,351 crore earlier.
EBIT jumped 15.1% to ₹1,699.4 crore, while EBIT margins improved to 12.1% from 11.1% in Q1.
The company also announced an interim dividend of ₹15 per share.
Mohit Joshi, CEO and Managing Director, Tech Mahindra, stated, “We delivered broad-based growth this quarter, reflecting the strength of our strategy and execution. We launched TechM Orion, our next-generation AI platform, and TechM Orion Marketplace to help enterprise accelerate autonomous transformation. Being recognized by industry analysts reinforces our leadership in advancing next-generation AI.”
Rohit Anand, Chief Financial Officer, Tech Mahindra, said, “This quarter marks the eighth consecutive period of margin expansion, driven by operational efficiency and disciplined execution. Our deal TCV is up 57% year-on-year on LTM basis, supported by strong deal conversions. The Board has approved a dividend of ₹15 per share reflecting our continued focus on shareholder value.”
Disclaimer: This article is for informational purposes only. It is not intended to be investment advice or a recommendation to buy or sell any stock. Readers are advised to consult their financial advisor before making any investment decisions.
