Tech Mahindra Publishes FY26 Financial Results in Newspapers Per SEBI Regulations

2 min read     Updated on 23 Apr 2026, 03:06 PM
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Tech Mahindra completed mandatory newspaper publication of its FY26 financial results in Financial Express and Loksatta on April 23, 2026, as per SEBI regulatory requirements. The results showed strong performance with revenue of ₹56,815 crores, EBIT growth of 31.40% to ₹7,152 crores, and record dividend declaration of ₹51 per share.

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Tech Mahindra has announced its audited consolidated financial results for the fiscal year ended March 31, 2026, reporting strong performance across key financial metrics with significant margin expansion and record dividend declaration. The company has also completed the mandatory newspaper publication of these results as per SEBI regulatory requirements.

FY26 Financial Performance

The company delivered robust annual results with revenue reaching ₹56,815 crores, representing a 7.20% year-on-year growth. In USD terms, revenue stood at $6,385 million, up 1.90% YoY. EBIT showed exceptional growth, increasing 31.40% to $797 million (₹7,152 crores), with EBIT margin expanding by 290 basis points to 12.60%. Profit After Tax grew 7.00% to $537 million, with EPS (Basic) at ₹54.28.

Financial Metric: FY26 Results YoY Growth
Revenue (INR): ₹56,815 crores +7.20%
Revenue (USD): $6,385 million +1.90%
EBIT: $797 million +31.40%
EBIT Margin: 12.60% +290 bps
PAT: $537 million +7.00%
EPS (Basic): ₹54.28 -

Q4 FY26 Performance

For the fourth quarter, revenue reached $1,625 million, growing 4.90% YoY and 0.90% quarter-on-quarter. EBIT for Q4 stood at $223 million, up 36.30% YoY with EBIT margin at 13.80%, expanding by approximately 330 basis points YoY. Profit After Tax for the quarter was $145 million, up 6.70% YoY, with EPS (Basic) at ₹15.27.

Record Dividend Declaration

The Board of Directors has recommended a final dividend of ₹36 per equity share of face value ₹5 each (720%) for FY26. This is in addition to the interim dividend of ₹15 per share (300%) paid in November 2025. The total dividend for FY26 subject to approval will be ₹51 per share (1,020%), representing the highest ever dividend declared by the company. The record date for entitlement of final dividend is Friday, July 3, 2026, and the 39th Annual General Meeting is scheduled for Friday, July 17, 2026.

Dividend Details: Amount
Final Dividend: ₹36 per share (720%)
Interim Dividend: ₹15 per share (300%)
Total Dividend FY26: ₹51 per share (1,020%)
Record Date: July 3, 2026
AGM Date: July 17, 2026

Regulatory Compliance and Publication

Pursuant to Regulation 30 and Regulation 47 of the SEBI Listing Regulations, Tech Mahindra published its audited consolidated and standalone financial results for FY26 in newspapers on April 23, 2026. The publication appeared in Financial Express (English) and Loksatta (Marathi) newspapers, including a Quick Response code and weblink to access complete financial results. Company Secretary Ruchie Khanna confirmed the compliance filing with both BSE Limited and National Stock Exchange of India Limited.

Publication Details: Information
Publication Date: April 23, 2026
English Newspaper: Financial Express
Regional Newspaper: Loksatta (Marathi)
BSE Scrip Code: 532755
NSE Symbol: TECHM

Strategic Highlights and Business Momentum

Tech Mahindra closed FY26 with the highest ever deal wins of $3,794 million in the last five years, reflecting stronger client confidence in its transformation capabilities. The company's client metrics showed improvement with $50 million+ clients increasing to 29 from 25 in the previous year, and $20 million+ clients growing to 66 from 59. The company reported free cash flow of $616 million for FY26, with free cash flow to PAT ratio at 115%. The company continues its AI-led transformation journey with 80% of its global workforce now AI-enabled.

Historical Stock Returns for Tech Mahindra

1 Day5 Days1 Month6 Months1 Year5 Years
-1.29%-5.32%-4.53%-5.57%-12.59%+42.88%

Can Tech Mahindra sustain its 290 basis points EBIT margin expansion in FY27 amid potential economic headwinds and increased competition?

How will the company's record-high dividend payout of ₹51 per share impact its capital allocation strategy for future growth investments and acquisitions?

What specific AI transformation initiatives will Tech Mahindra prioritize to leverage its 80% AI-enabled workforce and maintain competitive advantage?

HDFC Securities Maintains Add Rating on Tech Mahindra with ₹1,510 Target Price

1 min read     Updated on 23 Apr 2026, 09:13 AM
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HDFC Securities maintains its Add rating on Tech Mahindra with a ₹1,510 target price, citing the company's 0.6% QoQ constant currency revenue growth driven by BFSI and communications sector recovery. The IT services firm secured strong deal wins worth $3.8 billion TCV for FY26 and achieved 12.6% EBIT margins. The brokerage expects Tech Mahindra's AI-led capabilities to drive better-than-industry growth and EBIT margins of around 15% in FY27.

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Tech Mahindra has received a maintained Add rating from HDFC Securities, with the brokerage setting a target price of ₹1,510. The recommendation comes as the IT services company demonstrates steady operational performance and strong business development momentum across key sectors.

Quarterly Performance Highlights

The company reported modest growth in its latest quarter, with constant currency revenue increasing by 0.6% on a quarter-on-quarter basis. This growth was primarily driven by recovery in two critical business segments.

Performance Metric: Details
QoQ CC Revenue Growth: 0.6%
Key Growth Drivers: BFSI and Communications Recovery
EBIT Margin: 12.6%

Strong Deal Pipeline and Business Wins

Tech Mahindra showcased robust business development capabilities with significant contract wins. The company secured deals with a Total Contract Value (TCV) of $3.8 billion for FY26, indicating strong client confidence and business pipeline strength.

Sector Recovery and Growth Drivers

The quarter's performance was notably supported by recovery in the Banking, Financial Services, and Insurance (BFSI) sector, along with the communications vertical. These sectors have been key focus areas for the company and their recovery signals positive momentum for future quarters.

Margin Improvement and Operational Efficiency

Tech Mahindra demonstrated improved operational efficiency with EBIT margins reaching 12.6%. This margin improvement reflects the company's focus on operational excellence and cost optimization initiatives.

Future Outlook and AI Capabilities

HDFC Securities highlighted Tech Mahindra's AI-led capabilities as a key differentiator for future growth. The brokerage expects the company to achieve better-than-industry growth rates, supported by its technological capabilities and market positioning. The outlook includes expectations of EBIT margins reaching approximately 15% in FY27, indicating continued operational improvement and business expansion.

Historical Stock Returns for Tech Mahindra

1 Day5 Days1 Month6 Months1 Year5 Years
-1.29%-5.32%-4.53%-5.57%-12.59%+42.88%

How will Tech Mahindra's AI-led capabilities differentiate it from competitors in securing future enterprise deals?

What specific factors could enable Tech Mahindra to achieve the projected 15% EBIT margin by FY27?

Will the recovery momentum in BFSI and communications sectors sustain through potential economic headwinds in 2024?

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1 Year Returns:-12.59%