Tech Mahindra Posts 21% Quarter-on-Quarter Rise in Q4 Net Profit to 1,354 Crore
Tech Mahindra Reports Strong Q4 FY26 Results
Tech Mahindra, a leading Indian IT major, has released its quarterly results for the January-March quarter of FY26. The company reported a net profit of Rs 1,353.8 crore, a 20.7 percent increase quarter-on-quarter. This performance surpasses the estimated net profit of Rs 1,504 crore by a CNBC TV18 poll of analysts, which had forecast a 34 percent sequential increase.
Revenue Growth and Earnings Performance
The company's consolidated revenue from operations for the quarter rose 4.7 percent to Rs 15,076.1 crore, exceeding the poll estimate of Rs 14,804 crore. At the operating level, earnings before interest and tax (EBIT) came in at Rs 2,084 crore, a 10.2 percent sequential increase and a 48.3 percent year-on-year growth. The EBIT margin improved to 13.8 percent. Profit after tax grew 16 percent on-year, while earnings per share stood at Rs 15.24.
Dividend and Deal Wins
The company also announced a final dividend of Rs 36 per equity share for FY26, taking the total dividend for the year to Rs 51 per share, including the interim payout. Tech Mahindra reported strong deal momentum, with quarterly deal wins remaining above the $1 billion mark for consecutive quarters. The company secured multiple large, multi-year engagements across telecom, banking, manufacturing, and energy verticals, including AI-led transformation and managed services deals.
| Quarter | Net Profit (Rs Crore) | Revenue Growth (Percent) |
|---|---|---|
| Q4 FY26 | 1,353.8 | 4.7 |
| Q3 FY26 | 1,121.9 | |
| Q4 FY25 | 1,150.1 |
Operational Performance
Operationally, the company's total headcount stood at 1,47,623 at the end of the quarter, while attrition remained stable at 12.1 percent. Cash and cash equivalents stood at Rs 8,456 crore. Tech Mahindra shares pared intraday loss after the results announcement, recovering as much as 7 percent from the day's low. The stock was trading at Rs 1,464 in the late afternoon, down 2.5 percent.
Investor Takeaway
Investors should note Tech Mahindra's strong quarterly performance, with a 21% QoQ rise in net profit and improved EBIT margin.
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