Tech Mahindra quarterly results

Q2 FY27 · Jul–Sep 2026

₹ crore	Q2 FY27	Q2 FY26	Change
Revenue	16,180	13,995	+15.6%
EBITDA	2,879	2,168	+32.8%
EBITDA margin	17.8%	15.5%	+2.3 pts
Profit before tax	2,296	1,659	+38.4%
Net profit	1,610	1,202	+34.0%
EPS	₹17.88	₹13.48	+32.6%

Every quarter

₹ crore except per share

Tap a line for its trend	Q2 FY27Sep 2026	Q1 FY27Jun 2026	Q4 FY26Mar 2026	Q3 FY26Dec 2025	Q2 FY26Sep 2025	Q1 FY26Jun 2025	Q4 FY25Mar 2025	Q3 FY25Dec 2024	Q2 FY25Sep 2024	Q1 FY25Jun 2024	Q4 FY24Mar 2024	Q3 FY24Dec 2023	Earlier quartersAlpha Plus

Expenses
	16,180	15,712	15,076	14,393	13,995	13,351	13,384	13,286	13,313	13,005	12,871	13,101	Earlier quartersEvery year the company has filed comes with Alpha Plus.
	−7.4	−106	−205	−21.7	40.0	218	173	16.5	522	145	374	87.5
	16,173	15,606	14,871	14,372	14,035	13,570	13,557	13,302	13,835	13,150	13,245	13,189
	8,232	7,877	7,787	7,564	7,629	7,499	7,362	7,425	7,505	7,332	7,249	7,409
	83.6	111	88.8	93.6	77.2	77.8	85.3	75.9	89.0	71.5	58.5	117
	491	479	481	474	469	458	462	459	470	462	461	443
	5,070	5,093	4,724	4,464	4,198	3,917	4,182	4,052	4,058	4,110	4,523	4,545
	13,877	13,559	13,081	12,595	12,373	11,952	12,091	12,011	12,122	11,975	12,292	12,515
	2,879	2,743	2,565	2,366	2,168	1,935	1,840	1,809	1,750	1,564	1,099	1,146
	2,387	2,264	2,084	1,892	1,699	1,477	1,378	1,350	1,280	1,102	638	703
Profit
	2,296	2,046	1,791	1,777	1,662	1,618	1,465	1,291	1,713	1,175	953	674
	0.0	0.0	−0.1	−272	−2.8	0.0	−1.2	6.6	0.6	0.0	6.4	4.8
	2,296	2,046	1,791	1,504	1,659	1,618	1,464	1,297	1,713	1,175	959	679
	572	426	453	482	536	532	499	410	634	357	280	160
	114	130	−18.9	−95.5	−78.0	−42.3	−177	−101	−178	−43.4	15.3	−5.0
	686	556	434	387	458	489	322	309	456	313	295	155
	0.0	−4.3	0.0	0.9	0.0	0.5	0.0	0.0	0.0	2.6	0.0	0.0
	1,610	1,486	1,356	1,119	1,202	1,129	1,142	989	1,257	865	664	524
	1,610	1,491	1,356	1,118	1,202	1,128	1,142	989	1,257	862	664	524
	234	140	722	204	−7.6	476	206	−141	133	48.5	−40.1	149
	1,844	1,627	2,078	1,322	1,194	1,604	1,348	847	1,390	913	624	673
	1,586	1,465	1,354	1,114	1,195	1,141	1,138	—	—	865	661	510
	24.1	21.2	2.6	5.1	7.2	−11.8	3.4	1.0	7.4	−0.2	3.2	13.3
Per share
	₹17.88	₹16.53	₹15.27	₹12.66	₹13.48	₹12.87	₹13.17	₹11.10	₹14.12	₹9.62	₹7.48	₹5.77
	₹17.84	₹16.50	₹15.24	₹12.64	₹13.46	₹12.86	₹13.15	₹11.08	₹14.10	₹9.60	₹7.45	₹5.76
Other comprehensive income — detail
	234	140	722	204	−7.6	476	206	—	—	—	—	—
	6.2	9.1	38.2	0.4	11.0	−11.6	11.4	—	−13.8	17.0	−38.9	−6.3
	1.6	2.2	9.1	0.1	2.8	0.0	3.0	—	—	—	—	—
	—	—	—	—	—	—	—	12.7	−3.5	4.4	−3.0	−1.8
	242	186	675	214	−74.1	461	225	—	79.0	54.5	25.6	129
	12.1	52.8	−17.8	10.5	−58.3	−26.1	27.5	—	—	—	—	—
	—	—	—	—	—	—	—	129	−64.3	18.6	29.8	−24.0
	1,818	1,604	2,070	1,321	—	1,605	—	—	—	900	623	654
	26.1	22.6	8.3	1.7	—	−0.3	—	—	—	13.1	0.7	18.5
Per share — as-filed variants
	₹17.88	₹16.53	₹15.27	₹12.66	₹13.48	₹12.87	₹13.17	₹11.10	₹14.12	₹9.62	₹7.48	₹5.77
	₹17.84	₹16.50	₹15.24	₹12.64	₹13.46	₹12.86	₹13.15	₹11.08	₹14.10	₹9.60	₹7.45	₹5.76
Adjusted (ex-exceptional items) — derived
	2,296	2,046	1,791	1,777	1,662	1,618	1,465	1,291	1,713	1,175	953	674
	0.0	0.0	−0.1	−272	−2.8	0.0	−1.2	6.6	0.6	0.0	6.4	4.8
	1,610	1,486	1,356	1,321	1,204	1,129	1,143	984	1,257	865	660	520
	₹17.88	₹16.53	₹15.27	₹14.95	₹13.50	₹12.87	₹13.18	₹11.04	₹14.12	₹9.62	₹7.43	₹5.73

Open the chart

From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

alphave

TECHM₹1,776.60

Tech Mahindra Ltd.

· Technology

Annual Quarterly₹ CrorePeersINFY HCLTECH TCS WIPRO LTM PERSISTENT COFORGE MPHASISMcap ₹1.57L Cr

View

In ₹ Crore except Per Share 3 Months Ending	Q3 FY24 31/12/2023	Q4 FY24 31/03/2024	Q1 FY25 30/06/2024	Q2 FY25 30/09/2024	Q3 FY25 31/12/2024	Q4 FY25 31/03/2025	Q1 FY26 30/06/2025	Q2 FY26 30/09/2025	Q3 FY26 31/12/2025	Q4 FY26 31/03/2026	Q1 FY27 30/06/2026	Q2 FY27 30/09/2026
Revenue from Operations	13,101.3	12,871.3	13,005.5	13,313.2	13,285.6	13,384.0	13,351.2	13,994.9	14,393.2	15,076.1	15,711.9	16,180.2
Other Income	87.5	373.5	144.7	521.5	16.5	172.7	218.3	40.0	-21.7	-204.7	-106.4	-7.4
Total Income	13,188.8	13,244.8	13,150.2	13,834.7	13,302.1	13,556.7	13,569.5	14,034.9	14,371.5	14,871.4	15,605.5	16,172.8
Expenses
+ Employee Benefit Expense	7,409.4	7,249.0	7,331.5	7,505.4	7,424.6	7,362.3	7,498.9	7,629.1	7,563.7	7,787.1	7,876.6	8,232.1
+ Finance Costs	116.5	58.5	71.5	89.0	75.9	85.3	77.8	77.2	93.6	88.8	111.3	83.6
+ Depreciation & Amortisation	443.4	461.4	462.2	469.8	458.8	462.1	458.1	468.7	473.7	481.1	478.6	491.4
+ Other Expenses	4,545.5	4,523.2	4,109.5	4,057.6	4,052.0	4,181.6	3,917.1	4,197.8	4,463.9	4,723.7	5,092.8	5,069.6
Total Expenses	12,514.8	12,292.1	11,974.7	12,121.8	12,011.3	12,091.3	11,951.9	12,372.8	12,594.9	13,080.7	13,559.3	13,876.7
EBITDA	1,146.5	1,099.1	1,564.5	1,750.2	1,809.0	1,840.1	1,935.2	2,168.0	2,365.6	2,565.3	2,742.5	2,878.5
EBIT	703.1	637.7	1,102.3	1,280.4	1,350.2	1,378.0	1,477.1	1,699.3	1,891.9	2,084.2	2,263.9	2,387.1
Profit
PBT before Exceptional Items	674.1	952.7	1,175.5	1,712.9	1,290.8	1,465.4	1,617.6	1,662.1	1,776.6	1,790.7	2,046.2	2,296.1
+ Exceptional Items	4.8	6.4	0.0	0.6	6.6	-1.2	0.0	-2.8	-272.4	-0.1	0.0	0.0
Pretax Income	678.9	959.1	1,175.5	1,713.5	1,297.4	1,464.2	1,617.6	1,659.3	1,504.2	1,790.6	2,046.2	2,296.1
+ Current Tax	160.1	279.6	356.7	633.7	410.0	499.2	531.6	535.6	482.0	453.1	425.6	572.3
+ Deferred Tax	-5.0	15.3	-43.4	-177.7	-101.4	-176.9	-42.3	-78.0	-95.5	-18.9	130.0	114.1
Tax Expense	155.1	294.9	313.3	456.0	308.6	322.3	489.3	457.6	386.5	434.2	555.6	686.4
+ Share of Associates & JVs	0.0	0.0	2.6	0.0	0.0	0.0	0.5	0.0	0.9	0.0	-4.3	0.0
Net Income	523.8	664.2	864.8	1,257.5	988.8	1,141.9	1,128.8	1,201.7	1,118.6	1,356.4	1,486.3	1,609.7
+ Net Income — Continuing Ops	523.8	664.2	862.2	1,257.5	988.8	1,141.9	1,128.3	1,201.7	1,117.7	1,356.4	1,490.6	1,609.7
+ Other Comprehensive Income	148.8	-40.1	48.5	133.0	-141.4	206.0	475.5	-7.6	203.8	721.9	140.2	234.2
Total Comprehensive Income	672.6	624.1	913.3	1,390.5	847.4	1,347.9	1,604.3	1,194.1	1,322.4	2,078.3	1,626.5	1,843.9
Net Income to Common	510.4	661.0	865.0	—	—	1,138.5	1,140.6	1,194.5	1,113.5	1,353.8	1,465.1	1,585.6
Minority Interest	13.3	3.2	-0.2	7.4	1.0	3.4	-11.8	7.2	5.1	2.6	21.2	24.1
Per Share
Basic EPS	5.77	7.48	9.62	14.12	11.10	13.17	12.87	13.48	12.66	15.27	16.53	17.88
Diluted EPS	5.76	7.45	9.60	14.10	11.08	13.15	12.86	13.46	12.64	15.24	16.50	17.84
Other Comprehensive Income — detail
+ Other Comprehensive Income	—	—	—	—	—	206.0	475.5	-7.6	203.8	721.9	140.2	234.2
+ Items NOT to be Reclassified to P&L	-6.3	-38.9	17.0	-13.8	—	11.4	-11.6	11.0	0.4	38.2	9.1	6.2
+ Tax on Items NOT to be Reclassified	—	—	—	—	—	3.0	0.0	2.8	0.1	9.1	2.2	1.6
+ Tax on Items NOT to be Reclassified — alt tag	-1.8	-3.0	4.4	-3.5	12.7	—	—	—	—	—	—	—
+ Items to be Reclassified to P&L	129.3	25.6	54.5	79.0	—	225.1	461.0	-74.1	214.0	675.0	186.1	241.7
+ Tax on Items to be Reclassified	—	—	—	—	—	27.5	-26.1	-58.3	10.5	-17.8	52.8	12.1
+ Tax on Items to be Reclassified — alt tag	-24.0	29.8	18.6	-64.3	128.7	—	—	—	—	—	—	—
Comprehensive Income — Owners of Parent	654.0	623.5	900.2	—	—	—	1,604.6	—	1,320.7	2,070.0	1,603.9	1,817.8
Comprehensive Income — Non-controlling Interests	18.5	0.7	13.1	—	—	—	-0.3	—	1.7	8.3	22.6	26.1
Per Share — as-filed variants
Basic EPS — Continuing Operations	5.77	7.48	9.62	14.12	11.10	13.17	12.87	13.48	12.66	15.27	16.53	17.88
Diluted EPS — Continuing Operations	5.76	7.45	9.60	14.10	11.08	13.15	12.86	13.46	12.64	15.24	16.50	17.84
Adjusted (ex-Exceptional Items) — derived
Pretax Income (Adjusted, as filed)	674.1	952.7	1,175.5	1,712.9	1,290.8	1,465.4	1,617.6	1,662.1	1,776.6	1,790.7	2,046.2	2,296.1
− Exceptional Items (reconciliation)	4.8	6.4	0.0	0.6	6.6	-1.2	0.0	-2.8	-272.4	-0.1	0.0	0.0
Net Income Adj (tax-effected)	520.1	659.8	864.8	1,257.0	983.8	1,142.8	1,128.8	1,203.7	1,321.0	1,356.5	1,486.3	1,609.7
EPS Adj	5.73	7.43	9.62	14.12	11.04	13.18	12.87	13.50	14.95	15.27	16.53	17.88
Other Filed Concepts — mapped but not yet placed in the schedule
Face Value	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00
Paid Up Equity Capital	441.0	441.3	441.9	489.2	442.3	442.4	442.5	442.7	442.8	442.8	442.9	443.0

As filed, sign as filed — read the label, not the sign. A line appears only when the company tagged that concept in at least one period shown, so depth follows the filer: pre-Ind-AS, insurance and NBFC blocks stay hidden unless they were actually reported. Alternate tags for the same idea (e.g. two spellings of a deferred-tax element) are kept as separate lines rather than merged, because merging them would be a guess. Ratios, per-share figures and counts render as raw numbers, not ₹ Crore. No consensus estimates → no Est columns. Click any row to chart it.

« ‹ › »Latest: Q2 FY27 · ConsolidatedFA Financial Analysis · alphave

Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.

Tech Mahindra Q2 FY27 results (July–September 2026)

Filed with NSE on Thursday, 15 October 2026 at 4:57 pm IST

Tech Mahindra (NSE: TECHM) reported its Q2 FY27 results (July–September 2026) on Thursday, 15 October 2026 at 4:57 pm IST. Consolidated net profit attributable to shareholders was ₹1,586 crore, up 32.7% from ₹1,195 crore in Q2 FY26 and up 8.2% from ₹1,465 crore in Q1 FY27. Revenue from operations was ₹16,180 crore, up 15.6% year on year and up 3.0% from the previous quarter.

Dividend record date: Friday, 23 October 2026
Q2 FY26 results (a year earlier): 14 October 2025
Q3 FY27 results due by: 14 February 2027

Q2 FY27 at a glance · consolidated

Net profit (shareholders'): ₹1,586 Cr+32.7% vs Q2 FY26+8.2% vs Q1 FY27Total incl. minority interest ₹1,610 Cr
Revenue from operations: ₹16,180 Cr+15.6% vs Q2 FY26+3.0% vs Q1 FY27
Operating margin (EBIT): 14.8%+2.6 pts vs Q2 FY26+0.3 pts vs Q1 FY27EBIT ₹2,387 Cr
EBITDA: ₹2,879 Cr+32.8% vs Q2 FY26+5.0% vs Q1 FY27margin 17.8%
Earnings per share (basic): ₹17.88+32.6% vs Q2 FY26+8.2% vs Q1 FY27
Interim dividend: ₹15 a shareRecord date 23 October 2026

Questions

What was Tech Mahindra's net profit in Q2 FY27?

Consolidated net profit attributable to shareholders was ₹1,586 crore, up 32.7% from ₹1,195 crore in Q2 FY26 and up 8.2% from ₹1,465 crore in Q1 FY27. Including the minority shareholders' share, total profit was ₹1,610 crore.

What was Tech Mahindra's operating margin in Q2 FY27?

Operating profit (EBIT — revenue less operating expenses, before finance costs and other income) was ₹2,387 crore, a margin of 14.8%, against 14.4% in Q1 FY27 and 12.1% in Q2 FY26. EBITDA was ₹2,879 crore, 17.8% of revenue.

What was Tech Mahindra's net profit in the first half of FY27?

Consolidated net profit attributable to shareholders for the first half of FY27 (April–September 2026) was ₹3,051 crore, up 30.6% from ₹2,335 crore in the same months a year earlier. Revenue from operations was ₹31,892 crore, up 16.6%.

What was Tech Mahindra's revenue in Q2 FY27?

Revenue from operations was ₹16,180 crore, up 15.6% year on year and up 3.0% from the previous quarter.

What was Tech Mahindra's EPS in Q2 FY27?

Basic earnings per share were ₹17.88, against ₹13.48 in Q2 FY26.

What is Tech Mahindra's net profit margin?

Tech Mahindra's net profit margin was 9.8% in Q2 FY27 (net profit attributable to shareholders as a share of revenue from operations), against 8.5% in Q2 FY26 (up 1.3 percentage points). For FY26 as a whole it was 8.5%.

How were Tech Mahindra's Q2 FY27 results?

Both grew from a year earlier: net profit was up 32.7% at ₹1,586 crore and revenue was up 15.6% at ₹16,180 crore. The operating margin was 14.8%, up 2.6 percentage points from 12.1% a year earlier. Against Q1 FY27, net profit was up 8.2% and revenue up 3.0%.

What was Tech Mahindra's net profit in FY26?

Consolidated net profit attributable to shareholders was ₹4,811 crore in FY26 (April 2025–March 2026), up 13.3% from ₹4,248 crore in FY25. It was ₹2,358 crore in FY24 and ₹4,831 crore in FY23: down 0.4% over three years, an average fall of 0.1% a year.

What was Tech Mahindra's revenue in FY26?

Revenue from operations was ₹56,815 crore in FY26 (April 2025–March 2026), up 7.2% from ₹52,988 crore in FY25. It was ₹51,995 crore in FY24 and ₹53,290 crore in FY23: up 6.6% over three years, 2.2% a year on average.

How has Tech Mahindra's profit changed over the last four quarters?

Net profit attributable to shareholders by quarter: ₹1,114 crore in Q3 FY26, ₹1,354 crore in Q4 FY26, ₹1,465 crore in Q1 FY27 and ₹1,586 crore in Q2 FY27. That is ₹5,518 crore over the four quarters, up 23.7% from ₹4,462 crore in the four quarters before. Revenue from operations: ₹14,393 crore, ₹15,076 crore, ₹15,712 crore and ₹16,180 crore.

When did Tech Mahindra announce its Q2 FY27 results?

On Thursday, 15 October 2026 at 4:57 pm IST, in its results filing to the stock exchanges. A year earlier it reported Q2 FY26 on 14 October 2025.

When will Tech Mahindra announce its Q3 FY27 results?

Q3 FY27 covers October–December 2026. Listed companies must publish quarterly results within 45 days of the quarter's end (SEBI listing rules, Regulation 33), so the results are due by 14 February 2027. The company tells the exchanges the date of the board meeting at least two working days before it.

Did Tech Mahindra declare a dividend with its Q2 FY27 results?

Yes. The board declared an interim dividend of ₹15 per share on 15 October 2026. The record date is 23 October 2026.

Where do these Tech Mahindra figures come from?

From Tech Mahindra's own consolidated results filings to NSE, in ₹ crore as filed (Q2 FY27 on 15 October 2026). Growth compares the same consolidated figures a year and a quarter earlier.

Consolidated figures from the company's filings to NSE. Every company's results dates this season are in the Q2 FY27 results calendar, part of Alpha Plus.