Tech Mahindra on October 15 reported 32 percent year-on-year rise in net profit at Rs 1,586 crore for the quarter ended September 30, 2026.

Consolidated revenue came in at Rs. 16,180 crores growing 15.6 percent YOY and 3 percent sequentially.

EBIT margin rose 40 bps sequentially to 14.8 percent and 260 basis points YoY.

The company reported fourth consecutive quarter of over a billion dollar in new deal wins. Net new deal wins for Q2 stood at $1.02 billion, growing 25.4 percent YoY.

Mohit Joshi, CEO and Managing Director, Tech Mahindra, said, “Deal wins exceeding $1+ billion in each of the last four quarters reflect the strength of our customer relationships and the trust we have built."

"With 7.2% year-on-year constant currency growth, we continue to sustain business momentum. As we celebrate our 40th anniversary this quarter, we look ahead with confidence, building on our legacy of innovation, entrepreneurship, and long-term value creation for our stakeholders," he added.

The Pune-headquartered IT firm’s total workforce stood at 152,206, with net addition of 5,446 employees.

The company announced interim dividend at 15 per share.

Tech Mahindra shares closed 4.73% higher ahead of the results.