Revenue from operations in the reporting period rose 13% YoY to Rs 15,076 crore.
On a sequential basis, revenue rose 5%, while EBIT increased 10.2% quarter-on-quarter (QoQ) to Rs 2,084 crore.
Management indicated that FY26 marked the end of its stabilisation phase, with margins expanding for the tenth consecutive quarter despite a challenging macro environment. CFO Rohit Anand said the company maintained a disciplined capital allocation approach and increased dividends by over 13%, taking total FY26 dividends to Rs 51 per share, the highest in its history.
Tech Mahindra continues to pivot towards an AI-led operating model, with management highlighting strong deal momentum. CEO Mohit Joshi said the company is embedding artificial intelligence across its service lines and has seen its highest deal wins in recent years, including consecutive quarters with over $1 billion in deal bookings.
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“We are accelerating our transition to an AI-led organization and remain on track to delivering our FY27 commitments,” Joshi said.
The company’s total headcount stood at 147,623 at the end of the quarter, down by 1,108 employees on a YoY basis, indicating ongoing optimisation of workforce costs.Attrition remained contained, with last twelve months (LTM) IT attrition at 12.1%, suggesting relative stability in employee churn compared to industry levels.
Tech Mahindra reported cash and cash equivalents of Rs 8,456 crore at the end of the quarter, providing balance sheet strength amid ongoing transformation initiatives. Days sales outstanding (DSO) stood at 89 days, reflecting stable collections and working capital management.
For the full year FY26, revenue rose 7% YoY to Rs 56,815 crore, while EBIT surged 39% to Rs 7,152 crore. Net profit for the year increased 13% to Rs 4,811 crore.