Tech Mahindra announced its Q2 FY26 results, reporting revenue of $1,586 Mn and EBIT of $192 Mn. The company’s EBIT margin reached 12.1%, driven by operational efficiencies. New deal wins totaled $816 Mn. The Board has declared an interim dividend of ₹15 per share, demonstrating a commitment to shareholder value. Tech Mahindra is focused on AI-driven solutions and digital transformation, as the report emphasizes.
Financial Performance Highlights
Tech Mahindra’s Q2 FY26 showcases the following key results:
- Revenue: $1,586 Mn, up 1.4% QoQ (down 0.2% YoY).
- EBIT: $192 Mn, with an 12.1% margin (up 108 bps QoQ and 254 bps YoY).
- Profit After Tax (PAT): $135 Mn.
- New Deal Wins: Total Contract Value (TCV) of $816 Mn.
Segment Performance
Here’s the revenue breakdown by geography:
- Americas: Increased by 2.6% QoQ.
- Europe: Decreased by 1.2% QoQ but increased by 5.5% YoY.
- Rest of World (ROW): Increased by 1.6% QoQ.
And here’s the revenue by vertical:
- Communications: 32.7% of mix.
- Manufacturing: 18.1% of mix.
- BFSI: 16.8% of mix.
Operational and Capital Allocation
Other key highlights include:
- The company declared an interim dividend of ₹15 per share.
- Free Cash Flow: $237 Mn, representing 176% of PAT.
Strategic Focus and Initiatives
Tech Mahindra highlights its commitment to AI-driven solutions:
- Launched TechM Orion, a next-generation agentic Al platform.
Source: BSE
