Tech Mahindra reported its audited consolidated financial results for the quarter ended June 30, 2026, recording a 28.5% year-on-year increase in net profit to ₹14.65 billion. The company’s revenue from operations for the quarter stood at ₹157.12 billion, marking a 17.7% increase compared to the same period last year. The results were reviewed by the Audit Committee and approved by the Board in its meeting held on July 16, 2026.

Consolidated Performance

The consolidated total revenue from operations for Q1FY27 was ₹157,119 million, up from ₹133,512 million in the quarter ended June 30, 2025. Net profit after tax for the owners of the company rose to ₹14,651 million from ₹11,406 million in the corresponding quarter of the previous year. Total comprehensive income for the quarter was reported at ₹16,265 million. In constant currency terms, revenue grew 6.6% year-on-year.

Earnings Per Share

Basic earnings per equity share (EPS) for the interim period increased to ₹16.53 from ₹12.87 in the prior year. Diluted EPS also improved to ₹16.50 from ₹12.86 during the same period. The equity share capital as of June 30, 2026, stood at ₹4,429 million.

Standalone Results

In its standalone financial results, Tech Mahindra reported revenue from operations of ₹132,186 million for the quarter ended June 30, 2026, compared to ₹115,946 million in the corresponding quarter of the previous year. Profit after tax for the standalone entity was ₹11,379 million, slightly lower than the ₹11,784 million recorded in the same period last year.

Key Financial Metrics

The following table outlines the consolidated financial performance for the quarter:

Segment Performance

During the quarter, the Communications business grew 1.3% year-on-year, while the BFSI vertical grew 8.1%. Manufacturing led the growth with a 17.2% year-on-year increase, driven by aerospace and industrial segments. Retail, travel, and logistics grew 8.6% year-on-year, and the healthcare business grew 7.2% year-on-year. Total deal wins for the quarter stood at US$1.078 billion, up 33.3% year-on-year.

Auditor and Regulatory Disclosures

The auditors issued an unmodified opinion on the audited standalone and consolidated interim financial results. However, they invited attention to an Emphasis of Matter regarding financial irregularities committed by the promoters of erstwhile Satyam Computer Services Limited (SCSL) before its acquisition by the company in June 2013. The management’s response to this matter is available in the detailed formats filed with the stock exchanges.

Tech Mahindra has informed its equity shareholders about the scheme of merger involving three of its wholly owned subsidiaries: Zen3 Infosolutions Private Limited, Tech Mahindra Enterprise Services Limited, and Begig Private Limited. The merger, structured as an absorption by the transferee company, follows orders from the National Company Law Tribunal (NCLT), Mumbai Bench. The tribunal has dispensed with the requirement to hold meetings of the members and creditors of the transferee company to consider the scheme.

The NCLT issued orders on February 12, 2026, and June 2, 2026, under Section 230 of the Companies Act, 2013. Consequently, the company is issuing notices directly to its equity shareholders in compliance with these directions. The scheme involves the transferor companies merging into Tech Mahindra, which acts as the transferee company.

Shareholders have been advised that they may make representations regarding the proposed scheme to the Tribunal within thirty days of receiving this notice. A copy of any such representation should also be sent to the transferee company. If no representation is received within the stipulated period, it will be presumed that the shareholder has no objections to the scheme.

The company has made the relevant documents available to its shareholders. These include the orders passed by the Hon'ble Tribunal on February 12, 2026, and June 2, 2026, as well as a copy of the scheme of merger. The documents are accessible via the company's website and have been dispatched via email to registered shareholders and via physical post to others.

The following table details the documents available for reference:

Tech Mahindra Enterprise Services Limited was formerly known as Tech Mahindra Defence Technologies Limited. The registered offices of the transferor companies are located in Andheri (East), Mumbai.