Tech Mahindra announced its Q3 FY26 results, showcasing a strong performance with ₹1,892 Crores in EBIT, a 40.1% YoY increase. New deal wins reached USD 1,096 Mn, up 47% YoY. The company reported a revenue of ₹14,393 crores, marking a 2.8% QoQ and 8.3% YoY increase. Diluted Earnings per share (EPS) stood at ₹12.64. The company highlights sustained investments in sales and AI-led offerings as key drivers.
Financial Performance Highlights
Tech Mahindra (NSE: TECHM) announced its Q3 FY26 financial results, demonstrating robust growth in key areas:
- EBIT: Reported at ₹1,892 crores, reflecting a significant increase of 40.1% YoY and 11.3% QoQ.
- Revenue: Reached ₹14,393 crores, showing growth of 2.8% QoQ and 8.3% YoY. In USD terms, revenue stood at $1,610 million.
- Profit After Tax (PAT): Reported at ₹1,122 crores, highlighting a 14.1% YoY increase.
- Earnings per share: Diluted EPS reached ₹12.64.
These results reflect a well-rounded financial performance, marked by margin expansion and continued strength in cash generation.
Deal Wins and Business Growth
Tech Mahindra reported new deal wins with a Total Contract Value (TCV) of USD 1,096 Mn, marking an increase of 47% YoY and 34% QoQ. Key wins include:
- Selected by a European telecommunications services provider for modernization and digital resilience.
- Selected by a global HCM SaaS company for implementation and customer support services.
- Partnered with a European aerospace manufacturer for support engineering across aircraft programs.
- Chosen by a US communications provider to lead its transformation and system integration initiatives.
Strategic Focus and Innovation
Tech Mahindra is focused on building future-ready solutions through:
- Partnering with Google to accelerate enterprise adoption of Gemini Enterprise.
- Achieving AWS Generative AI (GenAI) Competency.
- Launching i.GreenFinance, a sustainable lending platform.
Key Metrics
Other notable metrics from the announcement include:
- EBIT Margin: 13.1%.
- Total headcount: 149,616.
- LTM IT attrition: 12.3%.
Source: BSE
