Tech Mahindra, the IT arm of the Mahindra Group on Thursday posted a 28% increase in first quarter net profit at ₹1,465 crore from ₹1,140.6 crore in the corresponding quarter a year ago.
The company’s revenue grew close to 17.7% YoY to ₹15,712 crore in Q1 FY27 from ₹ 13,351.2 crore in the same period last year.
It bagged new deals worth 1,078 million in the quarter, a 33% YoY increase over the corresponding period in the previous year. The company also reported a cash and cash equivalent of ₹ 9,695 crore in the quarter.
Mohit Joshi, CEO and Managing Director, Tech Mahindra in his commentary said the company’s earnings growth coupled with three consecutive quarters of deal wins exceeding $1 billion dollars underscored the resilience of its business and the growing relevance of its offerings.
“Equally encouraging is the continued deepening of client relationships, with our $50 million-plus client base up by seven and all verticals delivering growth YoY,” he added.
Tech Mahindra delivered a strong Q1 performance with broad-based growth, margin expansion, and disciplined working capital management, reflecting consistent execution and sustained business momentum, claimed it’s Chief Financial Officer, Rohit Anand.
“We remain committed to building a future-ready organisation through continued investments in differentiated capabilities, domain-specific and sovereign AI, platforms, and talent, while maintaining a clear focus on growth and operational rigor,’’ he further said.
The company indicated that it may restart campus hiring as visibility into revenue outlook emerges. It’s headcount sequentially reduced by 863 in the first quarter ended June 30, to a total headcount of 146,760. The firm reported last twelve month attrition at 11.8% from 12.6%.
Published – July 16, 2026 09:43 pm IST
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