Tech Mahindra

The Tech Mahindra chairman said AI will transform rather than replace IT services and called for India to build sovereign AI capabilities through trusted innovation

However, despite recovery from lows, the Nifty IT index underperformed the market by falling 22 per cent, as against a 7.2 per cent decline in the Nifty 50 thus far in CY2026.

Brokerages said that TechM's Q1 revenue and margins exceeded estimates, and strong deal TCV provides strong revenue visibility.

Revenue from operations increased 17.7 per cent to ₹15,711.9 crore, while EBIT rose 53.3 per cent and new deal wins reached $1.08 billion

Gains in IT index were led by large-cap IT stocks, with HCLTech, LTIMindtree and Persistent Systems among the key contributors

Q1FY27 company results: Firms including Jio Financial Services, ITC Hotels, Ceat, Polycab India, Piramal Finance, and South Indian Bank are also to release their April-June earnings today

TechM Q1 Preview: On average, analysts expect Tech Mahindra to post a growth of 40 per cent or more for Q1 FY27 as ramp-up in large deals could push revenue by 15 per cent.

The sector is weighed down by macroeconomic uncertainty, exacerbated by the West Asia conflict, and the disruptive impact of AI adoption

The Nifty IT currently quotes around 20 per cent below its 200-DMA. TCS, Infosys, Wipro and HCL Technologies are down in the range of 21-26 per cent form respective 200-DMAs.

As per data, the Nifty IT Index has corrected nearly 42 per cent from its all-time high of 46,089, recorded in December 2024, and is now trading close to its April 2023 lows.

Tech Mahindra will deploy Perplexity Enterprise Pro across its sales and customer-facing teams to improve access to AI-powered, source-backed insights and strengthen client engagement

Tech Mahindra leases four office floors in Hyderabad; pays Rs 3 crore monthly rent

The Nifty IT index has corrected 27 per cent on a Y-T-D basis, in comparison, the Nifty 50 index has declined 9.5 per cent in the same period.

In 2026 so far, TCS, Infosys, HCL Tech, Tech Mahindra, and Wipro have declined in the range of 17 per cent to 33 per cent. In comparison, the Nifty 50 index has dived 10 per cent, data showed.

In Q4, Tech Mahindra recorded a net profit of ₹1,353.8 crore, up 16 per cent from ₹1,166.7 crore a year ago. On a sequential basis, profit was up 20.6 per cent.

Tech Mahindra reported a 16 per cent rise in Q4 FY26 net profit, while revenue grew 12.6 per cent year-on-year, though profit missed Bloomberg estimates

IT firm Tech Mahindra on Wednesday reported a 16 per cent growth in its consolidated net profit to Rs 1,353.8 crore for the January-March quarter of FY26. The company had registered a consolidated net profit of Rs 1,166.7 crore in the same period of FY25. Its revenue from operations rose 12.6 per cent to Rs 15,076.1 crore in Q4 FY26 compared to Rs 13,384 crore in the year-ago period. On a sequential basis, profit and revenue rose 20.7 and 4.7 per cent, respectively. For the full fiscal year of 2025-26, Tech Mahindra's profit (attributable to owners of the company) climbed 13.15 per cent to Rs 4,810.9 crore from Rs 4,251.5 crore in FY25. In FY26, its revenue from operations increased 7.2 per cent to Rs 56,815.4 crore. "We are accelerating our transition to an AI-led organisation, embedding AI across services and expanding our capabilities to enhance value delivery for our clients. This is reflected in our highest deal wins in recent years, including consecutive quarters exceeding

Q4FY26 company results: Firms including L&T Technology Services, Havells India, Tata Communications, and Bharat Coking Coal are also to release their January-March earnings today

Tech Mahindra Q4 results preview: Sequentially, the profit after tax (PAT) of Tech Mahindra is expected to rise 9 per cent from ₹1,336.42 crore in Q3FY26

IT Q4 results preview: While the recent sharp depreciation of INR against the USD is likely to provide a significant cushion to earnings, the focus has shifted toward FY27 guidance