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Latest news about Tech Mahindra

Tech Mahindra Reports Seventh Consecutive Quarter of Margin Expansion in Q1 FY26 4 days ago

Tech Mahindra's Q1 FY2026 results show resilience with 0.40% YoY revenue growth to $1,564.00 million. EBIT margin improved to 11.10%, and PAT increased by 30.00% to $133.00 million. TCV for the quarter was $809.00 million, up 44.00% YoY. The company added 2 clients in the $50.00 million bucket and 15 new must-have accounts. Despite challenges in some verticals and regions, Tech Mahindra continues to focus on margin improvement and strategic client acquisitions.

Tech Mahindra Stock Dips 2.7% on Q1 Earnings Miss, Analysts Divided on Outlook 8 days ago

Tech Mahindra Reports 34% YoY Profit Growth in Q1, Driven by Strong Deal Wins 9 days ago

Tech Mahindra Reports 34% YoY Profit Growth in Q1, EBIT Margins Expand by 260 bps 9 days ago

Tech Mahindra Reports 34% YoY Profit Growth, Focuses on AI Innovation 9 days ago

More news about Tech Mahindra

17Jul 25

Tech Mahindra Reports 34% YoY Profit Growth in Q1, Sees Strong Deal Momentum

Tech Mahindra reported a consolidated profit after tax of ₹11,406.00 crore for Q1, a 34% year-on-year increase. Revenue reached ₹13,351.00 crore, up 2.7% from last year. EBIT improved to ₹1,477.00 crore, a 34% increase, with EBIT margin expanding to 11.1%. The company secured new deals with a Total Contract Value of $809.00 million, representing 51% year-on-year growth. IT services revenue grew 0.7% quarter-on-quarter, while Business Process Services increased by 2.9%. Tech Mahindra has developed over 200 enterprise-grade AI agents and continues to focus on AI and innovation.

17Jul 25

Tech Mahindra: Q1 Profit Rises 34% YoY, Misses Estimates

Tech Mahindra announced Q1 financial results with a 34% YoY increase in net profit to ₹1,141.00 crores, despite falling short of estimates. Revenue grew by 2.7% YoY to ₹13,351.00 crores. The company secured new deals worth $809 million, a 51% YoY growth. IT Services revenue grew 0.7% QoQ, while BPS revenue increased by 2.9% QoQ. Total headcount rose to 148,517, but IT headcount decreased by 622 QoQ. The company targets 15% margins by FY27 and expects growth improvement from Q2 onwards. Tech Mahindra continues to expand partnerships and launch new offerings in AI and cloud services.

16Jul 25

Tech Mahindra Reports Strong Q1 FY26 Results: EBIT Up 34% YoY, Deal Wins Surge 51%

Tech Mahindra announced its Q1 FY26 financial results, showing significant growth. Revenue increased by 2.7% YoY to ₹13,351.00 crores, while EBIT and Profit After Tax both grew by 34% YoY. The company reported a substantial 51% YoY increase in new deal wins, with Total Contract Value reaching $809.00 million. Tech Mahindra's focus on AI and innovation is evident, with 200+ enterprise-grade AI agents developed and over 77,000 employees trained in AI and Gen AI. The company's strategic partnerships and initiatives in cloud technologies and AI position it well for future growth.

16Jul 25

Tech Mahindra Reports 34% YoY Profit Growth in Q1, Secures $809 Million in New Deals

Tech Mahindra announced its Q1 FY2024 results, reporting a 34% YoY increase in profit after tax to ₹1,141 crores ($133 million). Revenue grew by 2.7% YoY to ₹13,351 crores ($1,564 million). The company secured new deals with a Total Contract Value of $809 million, representing 51% YoY growth. EBIT margin improved by 260 basis points YoY to 11.1%. Tech Mahindra also highlighted its progress in AI integration, developing 200+ enterprise-grade AI agents and training over 77,000 employees in AI and Gen AI.

16Jul 25

Tech Mahindra: Q1 Profit Rises 34% YoY, Misses Estimates; Attrition Rate Increases

Tech Mahindra announced Q1 financial results with revenue of ₹13,351.00 crores, up 2.7% YoY, and PAT of ₹1,141.00 crores, up 34% YoY but below estimates. EBIT grew 34% to ₹1,477.00 crores with margin expansion of 260 bps. New deal wins reached $809 million, up 51% YoY. The company added 897 employees, bringing total headcount to 148,517, with attrition rising to 12.8%. Tech Mahindra launched new partnerships and services in cloud security and AI solutions.

15Jul 25

Tech Mahindra Anticipates 42% YoY PAT Growth in Q1 Despite Revenue Headwinds

Tech Mahindra anticipates a 42% year-on-year increase in Profit After Tax for Q1, despite projecting a 0.5-1% quarter-on-quarter decline in constant currency revenue. The revenue dip is attributed to weakness in the hi-tech vertical and seasonal softness in the BPO segment. However, the company expects to secure deals worth approximately $750 million, showing improved business momentum. Margin improvement is anticipated due to benefits from Project Fortius and Rupee depreciation.

14Jul 25

Tech Mahindra Q1 Preview: Flat Revenue Expected, Margin Improvement Anticipated

Tech Mahindra is set to announce Q1 results with analysts projecting flat revenue growth around Rs 13,422.00 crore due to weakness in telecom and manufacturing verticals. However, profitability is expected to improve with EBIT projected to rise 5% to Rs 1,480.00 crore and EBIT margin to 11.02%. Cost-efficiency measures may offset revenue stagnation impacts. Full-year guidance is likely to remain cautious amid macroeconomic uncertainties.

03Jun 25

Tech Mahindra Forges Partnership with Dutch Firm Hanab for IT Modernization

Tech Mahindra has formed a strategic partnership with Hanab, a Netherlands-based company, to drive IT modernization initiatives. The collaboration aims to leverage Tech Mahindra's digital transformation expertise and potentially expand its presence in the European market. The partnership will focus on IT modernization, European market expansion, and collaborative innovation. While specific details are yet to be disclosed, the alliance could lead to enhanced service offerings, knowledge exchange, and increased market reach for both companies.

02May 25

Tech Mahindra Acquires Mahindra Racing UK for ₹135 Crore

Tech Mahindra's London subsidiary will acquire a 100% stake in Mahindra Racing UK Limited (MRUK) for ₹135 crore, to be completed by June 30, 2025. This strategic move aims to accelerate Tech Mahindra's presence in automotive and racing technology, particularly in Formula Electric World Championship Racing. MRUK has shown strong financial performance with revenues of ₹357.56 crore in FY 2024-25. The acquisition, while a related party transaction, is conducted on an arm's length basis.

02May 25

Tech Mahindra Expands into Sports Tech: Acquires Mahindra Racing UK for £1.2 Million

Tech Mahindra's subsidiary, Tech Mahindra London Limited, is acquiring Mahindra Racing UK Limited for £1.2 million. The acquisition involves purchasing 100% shareholding of MRUK from Mahindra Overseas Investment Company. MRUK specializes in Formula Electric World Championship racing and has shown consistent growth over the past three years. This strategic move marks Tech Mahindra's entry into sports technology and data-driven engineering applications, potentially enhancing its global brand visibility and opening new business avenues in sporting events and professional leagues. The transaction is expected to be completed by June 30, 2025.

24Apr 25

Tech Mahindra Reports Strong Profit Growth in FY25 Despite Flat Revenue

Tech Mahindra announced its FY25 results, showing substantial profitability improvement despite flat revenue. Revenue stood at $6,264.00 million, down 0.2% YoY, while EBIT surged 60.0% to $607.00 million. Net profit increased by 76.7% to $502.00 million. The company reported strong deal momentum with new wins totaling $2.70 billion, up 42% YoY. Q4 FY25 saw revenue at $1,549.00 million, flat YoY, with EBIT up 43.6% YoY to $163.00 million. Tech Mahindra focused on enhancing capabilities in AI and cloud services, announcing strategic partnerships and initiatives. The Board recommended a final dividend of Rs. 30.00 per share.

24Apr 25

Tech Mahindra: Rs 30 Per Share Dividend Announced, Q4 Profit Surges 19%

Tech Mahindra announced robust financial results for Q4 and FY25. Q4 consolidated net profit rose 19% to Rs 1,167.00 crore, with revenue at Rs 13,384.00 crore, up 4.0% YoY. The company recommended a final dividend of Rs 30.00 per share, maintaining the total annual dividend at Rs 45.00. FY25 saw significant improvements in EBIT margin, reaching 9.7%. New deal wins totaled $2.7 billion for FY25, a 42% YoY increase. The company reported strong growth in various segments and continued focus on AI-driven innovations and strategic partnerships.

24Apr 25

Tech Mahindra Shares Surge Ahead of Q4 Results Announcement

Tech Mahindra's stock price increased on Monday in anticipation of its fourth-quarter results. The share price reached an intraday high of ₹1,466.05, up 1.90% from the opening price of ₹1,450.45. By 10 AM, the stock was trading at ₹1,452.10, up 0.90%. This upward movement outperformed the broader market, indicating positive investor sentiment ahead of the financial disclosure. Investors are particularly interested in revenue growth, profitability, client acquisition, digital transformation progress, and the impact of global economic conditions on the IT services sector.

23Apr 25

Tech Mahindra Poised for Strong Q4 Profit Growth Amid Revenue Challenges

Tech Mahindra anticipates a 65% year-over-year profit increase in Q4, despite modest 4% revenue growth. The company projects net new deal wins of ₹6,225 crore. Analysts expect a slight decline in constant currency revenue quarter-on-quarter. Key focus areas include client budgets, BFSI account gains, and GenAI impact on BPO operations.

23Apr 25

Tech Mahindra Sets Date for Q4 and FY24 Results, Dividend Consideration on the Agenda

Tech Mahindra will announce Q4 and FY24 results on April 24, 2023. The board meeting is scheduled for April 23-24 to approve results and consider dividend declaration. An earnings call is set for April 24 at 18:30. The trading window for designated persons will be closed from April 1 to April 26, 2023, to prevent insider trading.

03Apr 25

Tech Mahindra Teams Up with ServiceNow to Revolutionize Broadband Solutions for CSPs

Tech Mahindra and ServiceNow have formed a strategic partnership to develop next-generation broadband solutions for Communication Service Providers (CSPs). This collaboration aims to enhance service delivery, improve customer experience, and increase operational efficiency in the telecom industry. The partnership combines Tech Mahindra's telecom expertise with ServiceNow's cloud computing platform to address evolving broadband market demands.

28Mar 25

Tech Mahindra Employee Detained in Qatar: Company Offers Support Amid Uncertainty

Amit Gupta, a regional head for Tech Mahindra, has been detained in Qatar since January 1st under unclear circumstances. He is reportedly in solitary confinement with limited communication. Tech Mahindra is actively involved, providing support to Gupta and his family, coordinating with authorities, and working towards a resolution. The incident highlights potential risks for Indian IT professionals working abroad and the need for robust support systems and crisis management protocols.

24Mar 25

Tech Mahindra Executive Detained in Qatar: Potential Diplomatic Challenge Looms

Amit Gupta, Tech Mahindra's regional head for Qatar and Kuwait, has been in custody in Qatar since January 1, 2023, without official charges. The detention is reportedly linked to an ongoing investigation into alleged data theft. The Indian mission in Qatar is providing assistance, but Tech Mahindra has not issued an official statement. This situation could potentially impact Tech Mahindra's operations in the region and India-Qatar relations.

23Mar 25

Tech Mahindra Executive Detained in Qatar: Company Responds to Alleged Data Theft Charges

Amit Gupta, Tech Mahindra's Region Head for Qatar and Kuwait, has been detained by Qatari authorities since January 1, 2023, on allegations of data theft. Tech Mahindra is supporting Gupta's family and coordinating with Indian and Qatari authorities to resolve the matter. The family denies any wrongdoing. The Indian embassy in Qatar is offering assistance. This situation could potentially impact Tech Mahindra's operations and reputation in the Gulf region.

19Mar 25

Tech Mahindra Sees Significant Block Trade on NSE Worth ₹24.14 Crore

A significant block trade of 172,509 Tech Mahindra shares occurred on the National Stock Exchange at ₹1,399.60 per share, totaling ₹24.14 crore. This large transaction, potentially indicating institutional activity or major stakeholder movements, has drawn market attention. While the parties involved remain undisclosed, such trades can sometimes signal shifts in investor sentiment or portfolio adjustments.

18Mar 25

Tech Mahindra Bolsters AI Capabilities Through Expanded Google Cloud Partnership

Tech Mahindra has announced an expansion of its partnership with Google Cloud to accelerate enterprise-wide AI adoption. The collaboration aims to enhance Tech Mahindra's capabilities in leveraging Google Cloud's AI technologies for its clients, focusing on improving business processes, fostering innovation, and expanding AI-driven service offerings. This strategic move is expected to strengthen Tech Mahindra's position in the global IT services market and drive AI adoption across various industries.

07Mar 25

Tech Mahindra Expands US Presence with New Texas Office

Tech Mahindra has inaugurated its 19th office in the United States, located in Plano, Texas. The new 27,000 square-foot facility can accommodate 130 employees and will focus on consulting services, delivery operations, and customer support. It features an innovation lab dedicated to AI, cloud computing, and cybersecurity. This expansion strengthens Tech Mahindra's presence in the US market and its ability to provide localized support to clients.

03Mar 25

Tech Mahindra Shares See Significant Block Trade on NSE

Tech Mahindra experienced a significant block trade on the National Stock Exchange (NSE). 174,414 shares were traded at Rs. 1,499.80 per share, totaling Rs. 26.16 crores. The identities of the buyer and seller remain undisclosed. This large transaction has drawn attention to Tech Mahindra's stock, potentially impacting short-term trading patterns.

28Feb 25

Tech Mahindra Streamlines Operations: Comviva USA to Merge with Comviva Americas

Tech Mahindra has approved the merger of Comviva Technologies USA, Inc. with Comviva Technologies Americas, Inc., effective March 1, 2025. This consolidation aims to optimize operational costs and reduce compliance risks in the Americas region. Comviva USA (turnover $0.65M) will merge into Comviva Americas (turnover $19.05M), both step-down subsidiaries of Tech Mahindra. No cash consideration or new shares will be issued due to existing ownership structure.

25Feb 25

Tech Mahindra Shares: Major Block Trade Worth ₹16.34 Crore Executed on NSE

A significant block trade of 101,459 Tech Mahindra Ltd. shares was executed on the National Stock Exchange (NSE). The transaction occurred at ₹1,610.10 per share, totaling ₹16.34 Crore. This large-scale trade has drawn attention from market participants due to its potential impact on the stock's trading dynamics. While the immediate effects on Tech Mahindra's stock price and market sentiment are yet to be determined, such transactions can sometimes lead to short-term price fluctuations or increased trading volume.

19Feb 25

Tech Mahindra Shares: Block Trade of 100,502 Shares Executed at Rs. 1,685.75

A significant block trade of 100,502 Tech Mahindra shares occurred on the National Stock Exchange (NSE), valued at Rs. 16.94 crores. The transaction was executed at Rs. 1,685.75 per share. While the identities of the buyer and seller remain undisclosed, such large trades can potentially influence market sentiment and indicate shifts in institutional holdings.