Home / Business and Economy / Tech Mahindra Profit Surges 33% in Q2 FY27
Tech Mahindra Profit Surges 33% in Q2 FY27
15 Oct
Summary
- Consolidated net profit increased by 32.74% to Rs 1,585.6 crore.
- Revenue from operations grew 15.6% to Rs 16,180.2 crore.
- New deal wins reached USD 1,023 million, a 25.4% increase.
Tech Mahindra announced a substantial 32.74% year-on-year increase in its consolidated net profit for the July-September quarter of FY2026-27, reaching Rs 1,585.6 crore. This marks a significant financial performance for the IT services firm.
The company's revenue from operations also demonstrated strong growth, rising by 15.6% to Rs 16,180.2 crore in the second quarter of FY27 compared to the same period last year. Sequentially, both profit and revenue saw increases of 8% and 3%, respectively.
Furthermore, Tech Mahindra secured new deals with a total contract value of USD 1,023 million, a notable 25.4% increase compared to the previous year. This sustained success in deal wins, exceeding USD 1 billion for four consecutive quarters, underscores strong customer relationships.
CEO and Managing Director Mohit Joshi highlighted the company's 7.2% constant currency growth and expressed confidence for the future as Tech Mahindra celebrates its 40th anniversary, building on its legacy of innovation.
