TECHM Tech Mahindra Q4 FY26 results (Jan–Mar 2026) and concall
Tech Mahindra delivered a strong Q4 and FY26, marked by record deal wins and significant margin expansion. The company's strategic focus on AI-led transformation, operational efficiency, and client relationship deepening yielded positive results, despite headwinds in certain verticals like Hi-Tech and Healthcare. Management expressed confidence in achieving FY27 targets, including 15% EBIT margin and above-peer average constant currency revenue growth, supported by a robust pipeline and diversified business model.
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What they filed
Q4 FY26: revenue up 11.8%, net profit down 23.8% against the same quarter last year.
| Line item | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|
| Revenue | 11,176 | 11,584 | 11,595 | 12,068 | 12,308 +10% | 12,956 +12% |
| EBITDA | 1,177 | 1,031 | 1,417 | 1,557 | 1,662 +41% | 1,328 +29% |
| Net profit | 858 | 710 | 1,178 | 1,176 | 964 +12% | 541 −24% |
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.
