Tech Mahindra Expected to Outpace Peers' Average Growth in FY27: CEO Outlook

Tech Mahindra Sees Bright Future Amidst Business Transformation

Tech Mahindra is nearing the end of its three-year business transformation plan in FY27, with CEO and MD Mohit Joshi expressing confidence in reaching its target of 15 percent operating margin and industry-leading growth.

During its Q4FY26 earnings, the company reported $1.07 billion in quarterly deal wins. For the full-year FY26, the net new deal wins total contract value (TCV) stood at $3.7 billion, representing a 41.6 percent year-over-year growth. The company's overall deal pipeline was the highest in many years, with Joshi highlighting the importance of FY26 in terms of deal momentum.

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The company recently reported a 20.7 percent jump in QoQ net profit to Rs 1,353.8 crores and a 4.7 percent QoQ growth in revenue to Rs 15,076 crores. The operating margin came in at 13.8 percent, up from 13.1 percent in the previous quarter. In FY27, Tech Mahindra is confident of growing faster than its peers' average and retaining its 15 percent margin target for the year.

According to CFO Rohit Anand, the company has multiple levers in place to drive growth, including a changing service mix towards priority service lines and a focus on large clients. Anand also highlighted the company's efforts to shape its portfolio to maximize growth and opportunity. In the long run, Tech Mahindra is bullish on AI driving a new wave of spend and a new cycle of growth for the services business.