Tech Mahindra Q1 results: Net profit rises 34% to Rs 1,141 crore on strong deal wins; revenue up 2.7%

Tech Mahindra on Wednesday reported a 33.9% year-on-year rise in consolidated net profit to Rs 1,140.6 crore for the April–June quarter, supported by strong deal momentum and stable execution across verticals.

In the same quarter last year, the company had posted a net profit of Rs 851.5 crore.Revenue from operations for the first quarter of FY26 rose 2.65% to Rs 13,351.2 crore, compared to Rs 13,005.5 crore in the year-ago period, according to the company’s filing with the stock exchanges, PTI reported. On a sequential basis, net profit declined by 2.2%, while revenue dipped marginally by 0.2%.“Our performance is steadily strengthening, reflecting disciplined execution and a focused strategy.

Deal wins have increased by 44 per cent on a last twelve months (LTM) basis, supported by broad-based momentum across verticals and geographies,” said Mohit Joshi, CEO and Managing Director of Tech Mahindra, as quoted the agency.The company’s total headcount stood at 1,48,517 as of June 30, 2025 — an increase of 897 employees year-on-year. Attrition in IT services stood at 12.6% on a trailing 12-month basis.Tech Mahindra shares closed 1.94% higher at Rs 1,609 on the BSE. The Q1 results were announced after market hours.