Tech Mahindra reported a 32.7 percent year-on-year surge in second-quarter consolidated net profit to Rs 1,586 crore, underpinned by strong expansion across its manufacturing and telecommunications business verticals. Total consolidated revenue for the September quarter expanded 15.6 percent year on year to reach Rs 16,180 crore. On a sequential basis, the IT services exporter recorded an 8.2 percent increase in net profit alongside a 3 percent rise in quarterly top-line revenue. Managing Director and Chief Executive Officer Mohit Joshi stated that 7.2 percent constant currency growth enabled the organization to sustain positive operational momentum.
Tech Mahindra reported its last twelve months IT attrition rate at 11.7% for the second quarter ended September 2026.
Tech Mahindra's revenue from operations increased 15.6% to ₹16,180.2 crore during the second quarter, up from ₹13,994.9 crore in the prior-year period.
Quarterly net deal bookings surpassed $1 billion for the fourth consecutive three-month period, registering an annualized increase of 25.4 percent. Chief Financial Officer Rohit Anand said operating margins expanded for the twelfth successive quarter, prompting the board to approve an interim dividend of Rs 15 per equity share.
Alongside second-quarter earnings, Tech Mahindra's board declared an interim dividend of ₹15 per share and recommended a 1:1 bonus share issue.
The Pune-headquartered IT services provider expanded its global headcount by 5,446 professionals during the quarter, bringing its total workforce to 152,206 employees. Addressing investor questions regarding potential regulatory shifts in United States visa frameworks, Mohit Joshi said the company maintains minimal exposure to foreign labor restrictions. Holders of H-1B visas represent approximately 1 percent of Tech Mahindra's total workforce, while nearly 70 percent of its United States employees are hired locally.
Rival IT exporter Wipro reported a 1.4 percent year-on-year drop in second-quarter net profit to Rs 3,201 crore, highlighting divergent demand environments across tier-one Indian technology firms.
