Tech Mahindra Q1 FY27 Results: Profit Jumps 28% YoY, Revenue Crosses ₹15,700 Crore
By Kaushik Brahmakshatriya
Published On 16 July 2026.
Tech Mahindra Q1 FY27 results
Lhas opened financial year 2027 on a strong note. The IT services major announced its results for the quarter ended June 30, 2026, posting healthy growth across profit, revenue, and margins. The numbers came in ahead of Street expectations on the topline, even though profit fell slightly short of some analyst forecasts.
For a company that has been rebuilding momentum under CEO Mohit Joshi’s turnaround plan, this quarter stands out as one of the strongest in recent memory, driven largely by manufacturing and financial services demand.
Financial Performance Highlights
Consolidated net profit for Q1 FY27 came in at ₹1,465 crore, marking a sharp year-on-year jump. Revenue from operations also grew at a healthy double-digit pace, while operating margins expanded on the back of internal cost efficiencies. Total new deal wins touched $1.07 billion, staying above the billion-dollar mark for the third quarter running.
In dollar terms, revenue rose to $1.66 billion, supported by both organic growth and a softer rupee. The company also added several large clients during the quarter, strengthening its base of accounts worth $50 million or more.
Q1 FY27 vs Q1 FY26 Comparison
| Metric | Q1 FY27 | Q1 FY26 | YoY Change |
| Revenue from Operations | ₹15,712 crore | ₹13,351 crore | +17.7% |
| Net Profit (PAT) | ₹1,465 crore | ₹1,141 crore | +28.4% |
| EBIT | ₹2,264 crore | ₹1,477 crore | +53.3% |
| EBIT Margin | 14.4% | ~11.1% | +330 bps |
| Diluted EPS | ₹16.50 | — | — |
Q1 FY27 vs Q4 FY26: QoQ Comparison
| Metric | Q1 FY27 | Q4 FY26 | QoQ Change |
| Revenue from Operations | ₹15,712 crore | ₹15,076 crore | +4.2% |
| Net Profit (PAT) | ₹1,465 crore | ₹1,354 crore | +8.2% |
| EBIT Margin | 14.4% | 13.7% | +70 bps |
| New Deal Wins (TCV) | $1.07 billion | ~$1.08 billion | Flat |
Business Segment Performance
| Parameter | Q1 FY27 Figure |
| IT Services Revenue | ₹13,245 crore |
| BPS Revenue | ₹2,467 crore |
| Total Headcount | 74,689 (standalone) |
| Cash & Equivalents | ₹9,695 crore |
| Free Cash Flow | $167 million |
Key Growth Drivers
Management credited broad-based demand across verticals, with manufacturing emerging as the biggest growth driver this quarter, closely followed by financial services. The company also completed strategic acquisitions during the period, including an 85% stake in a Canadian IT firm to bolster its BFSI capabilities, and a Brazil-based services firm to strengthen support for a key telecom client in Latin America.
On the innovation front, Tech Mahindra launched new agentic development and modernization services, alongside expanded partnerships aimed at accelerating AI-led transformation for clients.
Despite the overall positive quarter, headcount continued to decline slightly, reflecting the industry-wide trend of automation and efficiency-led hiring strategies rather than aggressive expansion.
FY27 Outlook
With three consecutive quarters of deal wins above $1 billion, the management remains confident of touching a 15% EBIT margin target during the course of FY27. Continued deal momentum, client account mining, and cost discipline are expected to remain the primary levers going forward.
Frequently Asked Questions FAQ
Q1. What is Tech Mahindra’s net profit for Q1 FY27?
Tech Mahindra reported a consolidated net profit of ₹1,465 crore for the quarter ended June 30, 2026, up 28.4% year-on-year.
Q2. How much revenue did Tech Mahindra report in Q1 FY27?
The company posted consolidated revenue from operations of ₹15,712 crore, a growth of 17.7% compared to the same quarter last year.
Q3. What was Tech Mahindra’s EBIT margin in Q1 FY27?
EBIT margin stood at 14.4%, up around 60-70 basis points sequentially and roughly 330 basis points year-on-year.
Q4. What is the total value of new deals signed by Tech Mahindra this quarter?
New deal wins (Total Contract Value) touched $1.07 billion, marking the third straight quarter above the $1 billion mark.
Q5. Who is the CEO of Tech Mahindra?
Mohit Joshi serves as the Chief Executive Officer and Managing Director of Tech Mahindra.
Q6. Did Tech Mahindra make any acquisitions in Q1 FY27?
Yes, the company acquired an 85% stake in a Canadian IT firm to expand BFSI capabilities and a Brazil-based services firm to support Latin American operations.
Q7. What is Tech Mahindra’s outlook for FY27?
Management expects continued margin expansion and is targeting a 15% EBIT margin during FY27, supported by sustained deal-win momentum.
Disclaimer :
This content is for informational purposes only and should not be considered investment advice. Please consult a financial advisor before making investment decisions. We are not responsible any financial loss.
