Tech Mahindra reported strong Q3 FY26 results with EBIT rising by 40.1% YoY to ₹1,892 Crores. New deal wins exceeded $1 billion. The company showcased improved financial performance driven by margin expansion and sustained focus on cash generation. Revenue reached ₹14,393 crores. Tech Mahindra aims to push progress further toward their FY27 goals. The company’s results and future strategies focus on digital solutions, generative AI, and operational efficiency improvements.
Financial Performance Highlights
Tech Mahindra (NSE: TECHM) announced the following key consolidated financial results for Q3 FY26:
- Revenue: Reached ₹14,393 crores, demonstrating a 2.8% QoQ increase and an 8.3% YoY growth. In USD terms, revenue was $1.61 billion, marking a 1.5% QoQ increase and a 2.7% YoY growth.
- EBIT: Stood at ₹1,892 crores, showcasing an 11.3% QoQ increase and a significant 40.1% YoY surge. In USD terms, EBIT was $211 million, up 10.0% QoQ and 32.8% YoY.
- Profit After Tax (PAT): Was reported as ₹1,122 crores, indicating a 14.1% YoY rise. In USD terms, PAT reached $125 million, up 8.3% YoY.
- Earnings Per Share (EPS): Diluted earnings per share were reported at ₹12.64.
- New Deal Wins: The company achieved new deal wins with a Total Contract Value (TCV) of $1.096 billion, up 47% YoY and up 34% QoQ.
Key Strategic Wins
Tech Mahindra reported several key deal wins, demonstrating its capabilities in digital transformation and AI:
- A leading European telecommunications services provider selected Tech Mahindra for modernizing applications, accelerating innovation, and delivering AI-led operational efficiencies.
- A global HCM SaaS company chose Tech Mahindra to provide implementation and customer support services using Tech Mahindra’s HCM and CX Centers of Excellence.
- A leading European aerospace manufacturer selected Tech Mahindra as a strategic partner to provide support engineering across all aircraft programs.
- A leading US-based communications provider chose Tech Mahindra to lead its transformation and system integration initiatives.
Other Business Highlights
Other business highlights from the announcement include:
- Partnered with Google to accelerate enterprise adoption of Gemini Enterprise.
- Achieved AWS Generative AI (GenAI) Competency.
- Launched i.GreenFinance, a sustainable lending platform.
- Committed to the Indian AI Mission with focus on Education.
Source: BSE
