In short: Tech Mahindra reports Q2 FY27 results on 15 October 2026. In Q1 FY27, revenue rose 17.7% to ₹15,712 crore from a year earlier and net profit rose 28.4% to ₹1,465 crore. Things to watch: margin target, manufacturing and communications.
What to watch in Tech Mahindra's Q2 FY27 results
- Margin target. Tech Mahindra's FY27 aim is a 15% EBIT margin. The June quarter was 14.4%, up from 11.1% a year earlier; wage increases take effect in phases from this quarter.
- Manufacturing. A European automotive programme delivered ahead of plan in the June quarter will not repeat. The CFO put the drag on this quarter at about 1–1.3%, to be offset by large deals ramping up.
- Communications. The largest vertical, at 32.3% of revenue. Management expected a cloud-resale headwind from the June quarter to go away and the segment to grow over the rest of the year.
- Deal wins. New deal wins were $1,078 million in the June quarter, up 33.3% from a year earlier.
- Board agenda. The board will also consider an interim dividend and a bonus issue.
Tech Mahindra Q1 FY27 results at a glance
- Revenue from operations was ₹15,712 crore, up 17.7% from a year earlier and up 4.2% from the previous quarter.
- Net profit was ₹1,465 crore, up 28.4% from a year earlier and up 8.2% from the previous quarter.
- EBIT margin was 14.4%, up 60 bps from the previous quarter and up 330 bps from a year earlier.
- Revenue was $1,660 million. In constant currency, revenue grew 6.6% from a year earlier and 2.6% from the previous quarter.
- New deal wins (TCV): $1,078 million, against $1,073 million in the previous quarter.
- Headcount was 146,760, down 863 in the quarter. IT attrition over the last twelve months was 11.8%.
- FY27 target, reiterated in July: an EBIT margin of 15% and revenue growth above the peer average.
| Q1 FY27 | Q4 FY26 | Q1 FY26 | QoQ | YoY | |
|---|---|---|---|---|---|
| Revenue (₹ crore) | 15,712 | 15,076 | 13,351 | +4.2% | +17.7% |
| Net profit (₹ crore) | 1,465 | 1,354 | 1,141 | +8.2% | +28.4% |
| EBIT margin | 14.4% | 13.8% | 11.1% | +60 bps | +330 bps |
Tech Mahindra revenue, margin and earnings trend
- Revenue went from ₹13,313 crore in Q2 FY25 to ₹15,712 crore in Q1 FY27, rising on the previous quarter in 5 of the last 7 quarters.
- Year-on-year revenue growth over the last 4 quarters ranged from 5.1% to 17.7% in rupees.
- In constant currency, growth on the previous quarter ranged from −1.5% to 2.6% over the last 8 quarters.
- Earnings per share over the last four quarters were ₹57.94, against ₹51.26 in the four quarters before (+13.0%).
- EBIT margin ranged from 9.6% (Q2 FY25) to 14.4% (Q1 FY27); the latest quarter is the high.
| Quarter | Revenue (₹ crore) | YoY | CC growth QoQ | EBIT margin | EPS (₹) |
|---|---|---|---|---|---|
| Q1 FY27 | 15,712 | +17.7% | +2.6% | 14.4% | 16.53 |
| Q4 FY26 | 15,076 | +12.6% | +0.6% | 13.8% | 15.27 |
| Q3 FY26 | 14,393 | +8.3% | +1.7% | 13.1% | 12.66 |
| Q2 FY26 | 13,995 | +5.1% | +1.6% | 12.1% | 13.48 |
| Q1 FY26 | 13,351 | – | −1.4% | 11.1% | 12.87 |
| Q4 FY25 | 13,384 | – | −1.5% | 10.5% | 13.17 |
| Q3 FY25 | 13,286 | – | +1.2% | 10.2% | 11.10 |
| Q2 FY25 | 13,313 | – | +0.7% | 9.6% | 14.12 |
Earnings per share are as reported: Q2 FY25 includes a ₹450 crore gain on the sale of property and Q3 FY26 a ₹272 crore Labour Codes charge (both before tax). Source: Tech Mahindra's quarterly results filings, press releases and earnings presentations.
Tech Mahindra Q2 FY27 results: questions
When will Tech Mahindra announce Q2 FY27 results?
Tech Mahindra reports results for the quarter ended 30 September 2026 on 15 October 2026.
What time is the Tech Mahindra earnings call?
The earnings call is at 6:00 pm IST on 15 October 2026.
What were Tech Mahindra's results last quarter?
In Q1 FY27, revenue from operations was ₹15,712 crore (+17.7% YoY) and net profit was ₹1,465 crore (+28.4% YoY).
What is Tech Mahindra's guidance?
FY27 target, reiterated in July: an EBIT margin of 15% and revenue growth above the peer average.
Other IT Q2 FY27 results
- TCS Q2 FY27 results · 8 October 2026 · net profit +15.0% YoY
- HCLTech Q2 FY27 results · 12 October 2026
- Wipro Q2 FY27 results · 15 October 2026
- Tech Mahindra Q2 FY27 results · 15 October 2026
- Infosys Q2 FY27 results · 23 October 2026
All IT Q2 FY27 results in one place
Sources
- Tech Mahindra Q1 FY27 press release
- Tech Mahindra Q1 FY27 earnings presentation
- Tech Mahindra Q1 FY27 audited results (BSE filing)
- Tech Mahindra: Q2 FY27 board meeting intimation to BSE, 30 September 2026
- Tech Mahindra: Q2 FY27 earnings call intimation to BSE, 2 October 2026
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