Tech Mahindra announced its Q2 FY26 results, reporting revenue of USD 1,586 mn. The company declared an interim dividend of ₹15 per share. The quarter marks the eighth consecutive period of margin expansion. New deal wins totaled USD 816 mn. The company’s LTM IT attrition rate stands at 12.8%. A number of new partnerships have been formed to support the firm’s AI strategy.
Financial Performance Highlights
Tech Mahindra reported the following key financial metrics for Q2 FY26:
- Revenue: USD 1,586 mn (up 1.4% QoQ, down 0.2% YoY)
- EBIT: USD 192 mn (up 11.5% QoQ, up 25.6% YoY)
- EBIT Margin: 12.1%
- Profit After Tax (PAT): USD 135 mn
Dividend Announcement
The Board of Directors has declared an interim dividend of ₹15 per equity share.
New Business and Strategic Wins
Tech Mahindra achieved new deal wins totaling USD 816 mn, marking a significant year-on-year growth of 35%. Strategic wins include:
- Selected by a European telecom operator to accelerate its enterprise-wide Autonomous Operations.
- Selected by a global logistics leader as a strategic partner to drive Al-led efficiency.
- Partnering with a US-based telecom operator to advance its network testing and certification automation initiatives.
Key Business Updates
- Launched TechM Orion, a Next-Gen agentic Al platform, enabling global enterprises to deploy and manage Agentic Al solutions faster.
- Partnered with NVIDIA to accelerate enterprise Al transformation and with AMD to accelerate Al adoption and hybrid cloud transformation.
Workforce and Attrition
The total headcount stands at 152,714. The LTM IT attrition rate is reported at 12.8%.
Source: BSE