Tech Mahindra, the global technology consulting and digital solutions provider, released its audited consolidated financial results for the quarter ended 30 September 2025. The company reported an EBIT of ₹1,699crores, up 32.7 per cent year-on-year, and new deal wins valued at $816million.
The company’s revenue for the quarter stood at $1,586million, a slight decrease of 0.2 per cent year-on-year in reported terms, but an increase of 1.4 per cent quarter-on-quarter. The board also declared an interim dividend of ₹15 per share.
Financial performance
The financial results for the second quarter of the 2026 fiscal year showed a notable improvement in profitability metrics. The EBIT margin was 12.1 per cent, an increase of 254 basis points year-on-year. Profit After Tax (PAT) reached $135million, with operational PAT, which excludes exceptional items, up by 28.2 per cent year-on-year.
Other financial highlights included a free cash flow of $237million for the quarter. The company’s total headcount stood at 152,714, a decrease of 1,559 from the previous year, while the last twelve months (LTM) IT attrition rate was 12.8 per cent.
Leadership commentary
Mohit Joshi, chief executive officer and managing director of Tech Mahindra, commented on the results: “We delivered broad-based growth this quarter, reflecting the strength of our strategy and execution. We launched TechM Orion, our next-generation Al platform, and TechM Orion Marketplace to help enterprise accelerate autonomous transformation. Being recognized by industry analysts reinforces our leadership in advancing next-generation Al.”
Rohit Anand, chief financial officer at Tech Mahindra, added: “This quarter marks the eighth consecutive period of margin expansion, driven by operational efficiency and disciplined execution. Our deal TCV is up 57% year-on-year on LTM basis, supported by strong deal conversions. The Board has approved a dividend of ₹15 per share reflecting our continued focus on shareholder value.”
Strategic developments and AI focus
The company highlighted several strategic initiatives during the quarter, with a strong focus on artificial intelligence. Tech Mahindra launched TechM Orion, a next-generation agentic AI platform designed to help enterprises deploy and manage AI solutions. This was accompanied by the launch of the TechM Orion Marketplace, an ecosystem of intelligent and autonomous AI agents.
The company also announced key partnerships to accelerate its AI and cloud transformation services. A collaboration with NVIDIA will combine NVIDIA’s accelerated computing stack with Tech Mahindra’s integration expertise to enable autonomous operations and scalable AI adoption. A multi-year collaboration with AMD will integrate AMD’s high-performance compute infrastructure with Tech Mahindra’s Cloud BlazeTech solution.
In the financial technology space, Tech Mahindra joined J.P. Morgan Payments’ System Integrator Program. The company will leverage its ERP and SAP expertise to support the modernisation of payment infrastructure and enhance customer experiences for global enterprises.
The quarter also saw Tech Mahindra secure several key deals, including a strategic partnership with a leading European telecom operator to accelerate its autonomous operations journey, and a framework agreement with a global logistics leader to drive AI-led efficiency.
