Mumbai – April 22nd, 2026: Tech Mahindra (NSE: TECHM), a leading global provider of technology consulting and digital solutions to enterprises across industries, announced the audited consolidated financial results for the quarter and year ended March 31, 2026.
Financial highlights for the year (USD)
• Revenue USD 6,385 Mn
o up 1.9% YoY in reported terms
o up 0.6% YoY in constant currency terms
• EBIT $ 797 Mn, up 31.4% YoY
• EBIT margin 12.6%, up 290 bps YoY
• PAT $ 537 Mn, up 7.0% YoY
• Free cash flow USD 616 Mn
• New deal wins TCV USD $3,794 Mn, up 41.6% YoY
Financial highlights for the quarter (USD)
• Revenue USD 1,625 Mn
o up 0.9% QoQ, up 4.9% YoY in reported terms
o up 0.6% QoQ, up 2.4% YoY in constant currency terms
• EBIT USD 223 Mn, up 5.5% QoQ, up 36.3% YoY
• EBIT Margin 13.8%, up ~70 bps QoQ, up ~330 bps YoY
• Profit After Tax (PAT) USD 145 Mn, up 6.7% YoY
• Reported Profit After Tax (PAT) Margin 9.0 %, up 30 bps YoY
• New deal wins TCV USD 1,073mn; up 34.5% YoY and down 2.1% QoQ
Financial highlights for the year (₹)
• Revenue ₹ 56,815 crores, up 7.2% YoY
• EBIT ₹ 7,152 crores, up 39.2% YoY
• Profit After Tax (PAT) ₹ 4,811 crores, up 13.2% YoY
Financial highlights for the quarter (₹)
• Revenue ₹ 15,076 crores, up 4.7% QoQ, up 12.6 % YoY
• EBIT ₹ 2,084 crores, up 10.2% QoQ, up 48.3% YoY
• Profit After Tax (PAT) ₹ 1,354 crores, up 16.0% YoY
• Diluted Earnings per share (EPS) at ₹ 15.24
Other Highlights
• Total headcount at 147,623; down 1,108 YoY
• LTM IT attrition at 12.1%
• Days of Sales Outstanding 89 days
• Cash and Cash Equivalent at the end of the quarter ₹ 8,456 crores
Mohit Joshi, CEO and Managing Director, Tech Mahindra, said, “We are accelerating our transition to an AI-led organization, embedding AI across services and expanding our capabilities to enhance value delivery for our clients. This is reflected in our highest deal wins in recent years including consecutive quarters exceeding $ 1 billion. We remain focused on scaling with discipline and are on track to delivering our FY27 commitments.”
Rohit Anand, Chief Financial Officer, Tech Mahindra, said, “FY26 marked the end of the Stabilization Phase of our transformation journey, with margins expanding for the 10th consecutive quarter despite a challenging macro environment. In line with our disciplined capital allocation framework and commitment to our shareholders, we increased the dividend by over 13%, taking total dividends declared for the year to ₹51 per share, our highest ever.”
Key Deal Wins
• Won a large, multi-year AI-led transformation and outsourcing engagement with a major European telecommunications operator, spanning global customer support, quote-to-bill operations, and post-sales services. Agentic AI is embedded into the operating model via a proprietary orchestration platform to drive zero-touch operations, automation-led efficiency, and a joint go-to-market for AI-first services.
• Selected by a leading North American automotive OEM as a strategic partner for application development and support across mission-critical enterprise systems. Leveraging capabilities in application engineering, integration, automation, AI and data enablement, this engagement will reduce technical debt, improve operational efficiency, and accelerate delivery of enhancements, advancing the client’s digital transformation priorities and supports long-term scalability and cost optimization across North American operations.
• Selected by a European retail bank as a strategic partner for managed services engagement. This engagement leverages Tech Mahindra’s deep Banking and Financial Services domain expertise and proven delivery excellence to drive operational efficiency through optimized delivery models, enhancing security and regulatory compliance through robust, future-ready technology frameworks, and enabling scalable IT architecture to support growth and evolving regulatory needs.
• Selected by a Fortune 500 energy major as the sole strategic partner to run and manage infrastructure, cloud, service desk, end-user computing, and allied services while driving measurable efficiency across the technology estate.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).