TECHM Tech Mahindra Q2 FY27 results (Jul–Sep 2026) and concall
Tech Mahindra delivered a strong Q2 FY27 with robust revenue growth and significant margin expansion, driven by broad-based performance and strong deal wins. The company emphasized its AI-led transformation strategy and commitment to shareholder returns through a bonus issue and dividend. While some verticals showed slower sequential growth and DSO increased, management expressed confidence in future growth and margin trajectory.
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What they filed
Q2 FY27: revenue up 13.9%, net profit up 37.2% against the same quarter last year.
| Line item | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | Q2 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 11,176 | 11,584 | 11,595 | 12,068 | 12,308 +10% | 12,956 +12% | 13,219 +14% | 13,742 +14% |
| EBITDA | 1,177 | 1,031 | 1,417 | 1,557 | 1,662 +41% | 1,328 +29% | 1,959 +38% | 1,975 +27% |
| Net profit | 858 | 710 | 1,178 | 1,176 | 964 +12% | 541 −24% | 1,138 −3% | 1,614 +37% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.
