Tech Mahindra Q1 results reported that the consolidated net profit increased by 34% YoY to ₹1,141 crores in the first quarter of the financial year 2025-26. On the results date, 16th July 2025, Tech Mahindra share price closed with a jump of 1.84% at ₹1,607.90. So, let’s see all the details of Tech Mahindra quarterly results, including its deal wins and management outlook.
Tech Mahindra Q1 Results FY26: Revenue and Headcount
- Tech Mahindra consolidated revenue increased by 3% YoY to ₹13,351 crores in Q1 FY26.
- EBITDA increased by 24% on a year-on-year basis to ₹1,935 crores.
- The deal wins (LTM – Last Twelve Months) grew by 44% YoY to $2,955 million, while the free cash flow dropped by 19% to $86 million in Q1 FY26.
- The IT headcount was at 79,987 in Q1 FY26, a drop of 430 from the same quarter of the previous financial year.
- The LTM IT attrition rate grew to 12.6% in Q1 FY26 from 10.1% in Q1 FY25.
- Highlighting its long-term performance, Tech Mahindra share price has generated 168% returns in the last 5 years.
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| Particulars (in ₹ Cr) | Q1 FY26 | Q1 FY25 | YoY Change |
|---|---|---|---|
| Net Profit | 1,141 | 852 | 34% |
| Revenue | 13,351 | 13,006 | 3% |
| EBITDA | 1,935 | 1,565 | 24% |
| LTM Deal Wins ($ million) | 2,955 | 2,055 | 44% |
| Free Cash Flow ($ million) | 86 | 106 | -19% |
Tech Mahindra Q1 Results: Segment-Wise Performance
- America: The America region holds the highest share in revenue at 49.2%, but this has dropped by 5.9% on a YoY basis.
- Verticals Revenue: In terms of sectors, Communications holds the highest share in revenue at 33.8%, followed by manufacturing (17.5%), and BFSI (16.4%).
Tech Mahindra Q1 Results FY26: Key Ratios
- The PAT margin was at 8.5% in the first quarter of FY26, a 190 bps on a year-on-year basis.
- EBIT margin came at 11.1%, up 260 bps YoY, while ROCE grew consistently to 23.8% in this quarter.
Tech Mahindra Q1 Results: Management Commentary
Mohit Joshi, CEO and Managing Director of Tech Mahindra, said, “Our performance is steadily strengthening, reflecting disciplined execution and a focused strategy. Deal wins have increased by 44% on a last twelve months (LTM) basis, supported by broad-based momentum across verticals and geographies.”
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