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As of 2026-08-25
Revenue from operations for Tech Mahindra has shown a consistent upward trend. From ₹13,351.20 crore in Q1 FY2025-26, it is projected to increase to ₹15,711.90 crore in Q1 FY2026-27.
Tech Mahindra's Net Profit has seen fluctuations. It was ₹4289 crore in March 2019, decreased to ₹3897 crore in March 2020, then rose to ₹5630 crore in March 2022, before falling to ₹2397 crore in March 2024. Projections indicate a recovery to ₹4253 crore in March 2025 and ₹4806 crore in March 2026.
As of August 24, 2026, Tech Mahindra's daily trend is described as a weak downtrend, with the price below the 20-day Simple Moving Average (SMA). However, on a weekly timeframe, the trend is a weak uptrend, with the price above the 20-day EMA. Volatility is currently high on both daily and weekly timeframes.
On July 31, 2026, there was a downward gap, indicating a sharp repricing at the open. On July 17, 2026, an unusually active upward session occurred with substantially higher trading activity. On July 13, 2026, the stock experienced a large intraday price swing, trading across a wider price range than usual.
Over the years, there has been a notable shift in shareholding. Domestic Institutional Investors (DIIs) have increased their stake from 11.66% in March 2019 to a projected 37.34% by March 2026. Conversely, Foreign Institutional Investors (FIIs) have decreased their holdings from 38.81% in March 2019 to a projected 18.59% by March 2026. Promoter holding has remained relatively stable, around 35%.
Showing 3 of 18 candles
Recent drawdown and price variability remain within the producer's contained-risk thresholds.
The session opened materially below the previous close, indicating a sharp repricing at the open.
The price gap may increase short-term downside uncertainty and warrants review of the underlying context.
Trading activity was substantially higher than usual and the price closed higher.
This may reflect stronger-than-usual market participation; follow-through and relevant company or market news merit review.
The session traded across a materially wider price range than usual.
Larger price swings can increase short-term uncertainty, especially if they continue.
Latest complete financial results for Q1 FY2027 and comparative quarterly trends.
| Metric | Q1 FY2026-27(Latest) | Q4 FY2025-26 | Q3 FY2025-26 | Q2 FY2025-26 | Q1 FY2025-26 |
|---|---|---|---|---|---|
| Revenue From Operations | PEAK₹15,711.90 crore | ₹15,076.10 crore | ₹14,393.20 crore | ₹13,994.90 crore | ₹13,351.20 crore |
| Segment Revenue From Operations | PEAK₹15,711.90 crore | ₹15,076.10 crore | ₹14,393.20 crore | ₹13,994.90 crore | ₹13,351.20 crore |
| Current Tax | ₹425.60 crore | ₹453.10 crore | ₹482 crore | PEAK₹535.60 crore | ₹531.60 crore |
| Deferred Tax | PEAK₹130 crore | -₹18.90 crore | -₹95.50 crore | -₹78 crore | -₹42.30 crore |
| Tax Expense | PEAK₹555.60 crore | ₹434.20 crore | ₹386.50 crore | ₹457.60 crore | ₹489.30 crore |
| Profit Before Exceptional Items And Tax | PEAK₹2,046.20 crore | ₹1,790.70 crore | ₹1,776.60 crore | ₹1,662.10 crore | ₹1,617.60 crore |
In the quarter ended 30 June 2026, Tech Mahindra Limited reported revenue of ₹15,711.9 crore, a sequential increase of 4.2% and a year-on-year increase of 17.7%. Profit before tax rose 14.3% sequentially and 26.5% year-on-year to ₹2,046.2 crore. The quarter included a negative other income of ₹106.4 crore and higher finance costs. Tax expense increased, partly reflecting a shift in deferred tax from a credit to a charge. Basic earnings per share was ₹16.53.
Revenue from operations was ₹15,711.9 crore, up 4.2% from ₹15,076.1 crore in the previous quarter and up 17.7% from ₹13,351.2 crore in the same quarter last year. The sequential growth rate of 4.2% was slightly lower than the 4.7% sequential growth recorded in the preceding quarter. Revenue has risen sequentially in each of the last five quarters.
Total expenses increased to ₹13,559.3 crore, up 3.7% sequentially and 13.5% year-on-year. Because revenue grew faster than expenses, profit before tax expanded. Profit before tax (and before exceptional items) was ₹2,046.2 crore, compared with ₹1,790.7 crore in the previous quarter and ₹1,617.6 crore a year earlier. The profit before tax margin (profit before tax as a percentage of revenue) rose to 13.0% from 11.9% in the prior quarter and 12.1% in the year-ago quarter.
Exceptional items were nil in the current quarter. In the previous quarter, exceptional items were a loss of ₹0.01 crore, and in Q3 FY2025-26 they were a loss of ₹272.4 crore.
Employee benefit expense, the largest cost component, was ₹7,876.6 crore, representing 50.1% of revenue. Depreciation and amortisation expense was ₹478.6 crore.
Finance costs rose to ₹111.3 crore, a sequential increase of 25.3% from ₹88.8 crore and a year-on-year increase of 43.1% from ₹77.8 crore.
Other income was negative ₹106.4 crore, which reduced profit before tax by that amount.
Total tax expense was ₹555.6 crore, up 28.0% sequentially from ₹434.2 crore and up 13.6% year-on-year from ₹489.3 crore. The effective tax rate (tax expense as a percentage of profit before tax) was 27.2%, compared with 24.2% in the previous quarter and 30.2% in the year-ago quarter.
The increase in total tax expense was accompanied by a shift in deferred tax from a credit of ₹18.9 crore in the previous quarter to a charge of ₹130.0 crore in the current quarter. Current tax decreased to ₹425.6 crore from ₹453.1 crore.
Profit after tax attributable to owners of the parent was ₹1,465.1 crore. Basic earnings per share rose to ₹16.53, up 8.3% sequentially from ₹15.27 and up 28.4% year-on-year from ₹12.87. Diluted earnings per share was ₹16.50. Paid-up equity share capital increased marginally to ₹442.9 crore, with a face value of ₹5 per share.
Net segment assets stood at ₹50,390.9 crore, a sequential increase of 2.1% from ₹49,369.4 crore. Net segment liabilities decreased 3.0% sequentially to ₹18,704.4 crore from ₹19,292.4 crore. Net segment assets minus net segment liabilities increased, reflecting a higher net asset position. Over the year, net segment assets grew 9.2% and net segment liabilities grew 11.7%.
Other comprehensive income was ₹140.2 crore, compared with ₹721.9 crore in the previous quarter and ₹475.5 crore in the same quarter last year. Other comprehensive income includes items such as foreign currency translation gains and losses.
Tech Mahindra’s revenue and profit before tax increased in the June 2026 quarter, with revenue growth outpacing expense growth. The quarter included a negative other income of ₹106.4 crore and higher finance costs. Tax expense rose, partly reflecting a shift in deferred tax from a credit to a charge. Basic earnings per share was ₹16.53.
Exchange disclosures and regulatory announcements for Tech Mahindra.
On 17 August 2026, Tech Mahindra's Securities Allotment Committee approved the allotment of 48,950 equity shares of ₹5 each upon exercise of employee stock options, comprising 21,950 shares under ESOP 2014 and 27,000 shares under ESOP 2018. Of these, 41,950 shares had no disclosed issue price, while 7,000 shares were allotted at an issue price of ₹324.00 with a premium of ₹319.00 per share. Post-allotment, total issued shares reached 98,01,33,756 and issued share capital is ₹4,90,06,68,780.
On August 17, 2026, Tech Mahindra Limited allotted equity shares under its ESOP/ESPS schemes following a board meeting held that day. The allotment increased the company's paid-up share capital from INR 4,900,424,030 to INR 4,900,668,780 and raised the total number of paid-up shares from 980,084,806 to 980,133,756.
On August 8, 2026, Tech Mahindra announced it received an independent ESG rating of 78.7 from SES Research Private Limited. SES prepared this rating voluntarily, based on Tech Mahindra's fiscal 2026 disclosures and publicly available data, without being engaged by the company. The company received the communication from SES on August 7, 2026.
Tech Mahindra Limited will participate in investor interactions on August 12, 2026, at the Emkay Confluence 2026 in Mumbai, and on August 13, 2026, at the Equirus Annual India Conference, also in Mumbai. These events will include group meetings and one-on-one sessions with analysts and institutional investors. No unpublished price-sensitive information will be shared during these interactions.
Tech Mahindra Limited has scheduled an institutional investor meeting titled the Equirus Annual India Conference to be held in Mumbai, India, on August 13, 2026, at 10:00 AM. The event will feature group meetings and one-on-one sessions with several analysts, investors, and funds for a company update. Gaurav Sethi is designated as the contact person for the engagement.
Tech Mahindra Limited will participate in investor interactions on August 12, 2026, at the Emkay Confluence 2026 in Mumbai, and on August 13, 2026, at the Equirus Annual India Conference, also in Mumbai. These events will include group meetings and one-on-one sessions with analysts and institutional investors. No unpublished price-sensitive information will be shared during these interactions.
Tech Mahindra Limited will participate in the Emkay Confluence 2026 on August 12, 2026, in Mumbai, India, for group and one-on-one meetings with institutional investors to provide a company update.
On July 28, 2026, Tech Mahindra Limited disclosed that ESGRisk.ai, an independent SEBI-registered ESG rating provider, assigned an ESG rating of 86 to the company. This rating was prepared solely based on Tech Mahindra's fiscal 2026 disclosures and publicly available data, as the company did not engage ESGRisk.ai for this rating. The company received the rating communication on July 27, 2026.
Tech Mahindra Limited will hold a non-deal roadshow in Singapore on July 30th and 31st, 2026, with physical attendance for analysts and institutional investors. The meetings will include group and one-on-one sessions, and no unpublished price-sensitive information will be shared. The schedule is subject to change.
Tech Mahindra Limited has disclosed the transcripts of its Q1 FY27 earnings call, which took place on July 16, 2026. The transcripts were uploaded to the company's website on July 22, 2026, at 11:32:00.
Tech Mahindra Limited has released the transcript of its Q1 FY27 earnings conference call held on July 16, 2026. The company reported revenues of US$1.66 billion, a 6.1% year-on-year growth, and operating margins of 14.4%. Key verticals like BFSI, Manufacturing, Retail/Travel/Logistics, and Healthcare all showed year-on-year growth. The company secured total deal wins of US$1.078 billion and highlighted progress in its AI-led transformation strategy, TechM Helix, and its agentic development and modernization services portfolio. The company also announced the acquisition of Avant Techno Solutions to strengthen its payments and wealth segments.
On July 21, 2026, Tech Mahindra announced it received an independent ESG rating of 'Crisil ESG 77' and a Core ESG rating of 'Crisil Core ESG 76' (Leadership category) from Crisil ESG Ratings & Analytics Ltd. Crisil ESG Ratings prepared this rating voluntarily based on fiscal 2026 disclosures and publicly available data, not at the company's engagement. The company received the rating communication on July 20, 2026.
On July 21, 2026, Tech Mahindra Ltd. approved the allotment of 26,848 equity shares, each with a face value of ₹5, pursuant to the exercise of employee stock options. This includes 16,873 shares under ESOP 2014 and 9,975 shares under ESOP 2018. The total issued shares after this allotment will be 98,00,84,806, with a total issued share capital of ₹4,90,04,24,030. The shares issued rank pari passu and are identical to existing equity shares.
On July 21, 2026, Tech Mahindra announced it received an independent ESG rating of 'Crisil ESG 77' and a Core ESG rating of 'Crisil Core ESG 76' (Leadership category) from Crisil ESG Ratings & Analytics Ltd. Crisil ESG Ratings prepared this rating voluntarily based on fiscal 2026 disclosures and publicly available data, not at the company's engagement. The company received the rating communication on July 20, 2026.
On July 21, 2026, Tech Mahindra Limited allotted 134240 equity shares under its ESOP/ESPS issuance. This allotment increased the company's paid-up share capital from INR 980,057,958 to INR 980,084,806, and the number of paid-up shares from 4,900,289,790 to 4,900,424,030. The board committee approved this allotment on the same date, following prior board approvals for ESOP schemes in May 2014 and May 2018.
Tech Mahindra Limited is issuing notices to its equity shareholders regarding a Scheme of Merger by absorption. This merger involves Zen3 Infosolutions Private Limited, Tech Mahindra Enterprise Services Limited, and Begig Private Limited as transferor companies. The National Company Law Tribunal, Mumbai Bench, issued orders on February 12, 2026, and June 2, 2026, dispensing with the need for a meeting of members and creditors to consider the scheme. Shareholders have thirty days from receiving the notice to make any representations to the Tribunal.
Tech Mahindra Limited's 39th Annual General Meeting (AGM) was held on July 17, 2026, via video conferencing. Ordinary Resolutions for Agenda Items 1 to 4 were approved by the shareholders. Agenda Item 5, concerning the appointment of Mr. Krishnam Parasramka as Director based on a shareholder notice, was not voted on or declared due to an ad-interim court order dated July 14, 2026, restraining the company from proceeding with voting or declaring results for this item, as the matter is sub-judice. The company received this order on July 16, 2026.
Tech Mahindra Limited held its 39th Annual General Meeting on July 17, 2026, via video conference. The meeting addressed ordinary business including the adoption of audited financial statements for the year ended March 31, 2026, confirmation of interim dividend, declaration of final dividend, and re-appointment of Dr. Anish Shah as a director. Special business concerning the appointment of Mr. Krishnam Parasramka as a director was not voted upon due to a court order dated July 14, 2026, restraining the company from proceeding with this agenda item.
Tech Mahindra Limited published its audited consolidated and standalone financial results for the quarter ended June 30, 2026, on July 17, 2026. The results were published in the Financial Express (English) and Loksatta (Marathi) newspapers on July 16, 2026, and are also available via a QR code, weblink, and the company's investor website.
Tech Mahindra Limited concluded its quarterly earnings conference call with Analysts/Institutional Investors/Funds on July 16, 2026, to discuss the audited financial results for the quarter ended June 30, 2026. An investor presentation and an audio recording of the call were made available on the company's website. No Unpublished Price Sensitive Information was shared during the call, which took place between 5:30 p.m. and 6:30 p.m. IST.
Validated announcements facts were extracted from the filing.
Tech Mahindra's wholly owned subsidiary, Tech Mahindra London Limited (TMLL), and Midad Company Limited have mutually agreed to extend the completion timeline for the acquisition of Midad's 20% equity stake in Tech Mahindra Arabia Limited. The transaction, initially announced on March 17, 2026, is now extended to August 31, 2026, due to ongoing condition precedents.
Tech Mahindra Limited concluded its quarterly earnings conference call with Analysts/Institutional Investors/Funds on July 16, 2026, to discuss the audited financial results for the quarter ended June 30, 2026. An investor presentation and an audio recording of the call were made available on the company's website. No Unpublished Price Sensitive Information was shared during the call, which took place between 5:30 p.m. and 6:30 p.m. IST.
Tech Mahindra Limited's Board of Directors approved the audited consolidated and standalone financial results for the quarter ended June 30, 2026, on July 16, 2026. The company also disclosed an "Exceptional item" of Rs. 2,724 million related to the incremental impact of new labor codes. Additionally, the company reported the acquisition of an 85% stake in Alluri Technologies Inc. for Rs. 1,875 million on May 27, 2026.
Tech Mahindra Limited's Board of Directors approved the audited consolidated and standalone financial results for the quarter ended June 30, 2026, on July 16, 2026. The company also disclosed an "Exceptional item" of Rs. 2,724 million related to the incremental impact of new labor codes. Additionally, the company reported the acquisition of an 85% stake in Alluri Technologies Inc. for Rs. 1,875 million on May 27, 2026.
Recent market and company developments associated with Tech Mahindra.
Despite weak operating leverage and higher investments, IT services companies maintained stable profitability, supported by effective cost-control measures and favourable currency movements, according to a Systemix report.
Kotak, Infosys, TCS, TechM, Coforge, Hexaware, Indegene
Infosys, TCS, HCL Tech, Wipro and other IT stocks are in focus after the US Department of Homeland Security proposed a $103,265 fee on H-1B cap-subject petitions. The charge would be additional to existing fees and could generate $8.8 billion annually, based on 85,000 petitions. The proposal is not final and will undergo a 30-day public comment period.
Indian technology companies have historically been among the biggest users of the H-1B programme, making any sharp increase in visa-related costs an important monitorable for the sector.
At 9:16 am, the BSE Sensex was up 205 points, or 0.26%, at 77,746.06, while the NSE Nifty rose 0.20% to 24,301.40, compared with its previous close of 24,252.
At 9:14 am, the BSE Sensex trades at 77,395.70, up 486.02 points, or 0.63%, while the NSE Nifty is at 24,205.05, up 126.75 points, or 0.53%.
Leaders still have to raise the sails. That is the real shift: from optimiser to navigator. Optimising assumes conditions are stable enough to fine-tune around. Navigating assumes disruption will arrive without warning and the job is to hold course regardless.
For TCS, Infosys and HCLTech, CLSA expects AI to become one-third of their overall revenue only by financial year 2031, a figure which currently stands at 10%, 9%, 6% respectively for these three companies. It is only then, that they will be able to deliver 6.1%, 5.6% and 6.4% growth respectively during financial year 2031, the brokerage added.
Leaders still have to raise the sails. That is the real shift: from optimiser to navigator. Optimising assumes conditions are stable enough to fine-tune around. Navigating assumes disruption will arrive without warning and the job is to hold course regardless.
IT stocks, crude oil
Indian equity markets extended losses on Tuesday as the expiry of the temporary US-Iran ceasefire revived concerns over Middle East tensions and higher crude prices. The Sensex fell 261 points, while the Nifty declined 0.23% in early trade. Weak IT stocks and rising US bond yields further pressured sentiment
Stock Market Live Updates: We are in the second half of the day's trade, and the markets have managed a remarkable recovery from the lows. The Nifty has recovered over 130 points from lows, moving above the 24,350 mark. The Nifty Bank has turned green, jumping by over 150 points. Hindalco, HDFC Life and Bajaj Fin are the top gainers.
Despite modernising nearly 90 legacy applications and achieving around 60% faster migration through AI-enabled software development, enterprises continue to view technical debt as an inevitable part of their technology investments
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From the Sensex pack, Titan, UltraTech Cement, Reliance Industries, ICICI Bank, Kotak Mahindra Bank and Infosys were among the major laggards
Tapan Sharma brings nearly two decades of experience across enterprise technology, smart cities, public safety, government transformation and large-scale systems integration. He has held leadership roles at Tech Mahindra, NetApp, Hexagon, NICE Systems and Intergraph.
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At noon, the BSE Sensex was down 434.44 points, or 0.55%, at 78,108.00, while the NSE Nifty declined 139.95 points, or 0.57%, to trade at 24,443.85.
As of 11:55 am, the BSE Sensex falls 434.44 points, or 0.55%, at 78,108.00, while the NSE Nifty declines 139.95 points, or 0.57%, to trade at 24,443.85.
Sensex Today | Stock Market Live Updates: The market is moving on a cautious note, while holding key levels, as the Nifty remains above 24,600 as it looks to move ahead. The Nifty Bank is down close to 200 points, falling below the 57,900 mark. Tech Mahindra, TCS and HCLTech are the top gainers.
Technology stocks drove the early action on the gainers' board.
Sensex, Nifty, Share Prices Live: Sensex traded 344.86 pts or 0.44% lower at 78,609.90 at 9.17 am after opening at 78,516.08 from the previous close of 78,954.76. Nifty 50 declined 50.60 pts or 0.21% to 24,585.40.
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Among broader indices, the Nifty Smallcap 100 outperforms with a gain of 0.67%, while the Nifty Midcap 100 was marginally higher by 0.07%.
Comprehensive Section Breakdown for Tech Mahindra
Strategic Vision: IT, networking, and BPO services for digital transformation.
Category: B2B Services
Delivers network design, software-defined networking, OSS/BSS maintenance, and digital transformation services to global telecom operators.
Category: Manufacturing
Provides product lifecycle management, automotive engineering, digital twin modeling, smart factory systems, and design consulting through Pininfarina.
Key Products & Services: Pininfarina
Category: Financial Services
Implements core banking software upgrades, payment gateway integration, risk management, and digital customer onboarding systems.
Core Thesis: Leveraging group synergies and acquisitions to offer integrated digital engineering and transformation services.
• Mahindra Group Co-Creation: Acts as the central IT and digital engineering partner for the Mahindra Group, using its operations as a testing environment for industrial IoT and digital twin software. • "Art to Part" Integration: Integrates design capabilities from Pininfarina with engineering teams to offer a unified 'Design-to-Manufacture' service. • Telecom Practice Integration: Provides legacy network upgrades, OSS/BSS integration, and 5G software deployment for global telecom carriers. • Acquisition Integration (BORN Group): Integrates BORN Group to deliver digital commerce and enterprise content management systems, linking marketing to ERP.
• Synergies with parent Mahindra Group's diverse industrial operations.
• Integrated design and engineering capabilities through Pininfarina.
• Established relationships with global telecom operators.