Tech Mahindra Q1 Results Highlights: IT services major Tech Mahindra has reported a net profit of Rs 1,140.60 crore for the quarter ended June 30, 2025, registering a growth of 33.95 per cent over Rs 851.50 crore posted in the corresponding quarter of the previous financial year. Revenue from operations rose 2.66 per cent year-on-year to Rs 13,351.20 crore, compared to Rs 13,005.50 crore reported in the same period last year.
During the quarter, Tech Mahindra reported new deal wins worth $809 million, up 51 per cent year-on-year. Total headcount stood at 1,48,517, an increase of 897 on a YoY basis. IT attrition over the last twelve months was 12.6 per cent.
Commenting on the results, Mohit Joshi, CEO and Managing Director of the company 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.”
Tech Mahindra Q1 results highlights: Attrition at 12.6%, $86 million free cash flow
Tech Mahindra reported a 12.6 per cent attrition rate in Q1FY26, with a total headcount of 148,517—an increase of 897 employees year-on-year. However, the company implemented targeted job cuts in key areas, notably reducing its IT workforce from 80,417 to 79,987 and sales & support staff from 9,026 to 8,252.
The company generated free cash flow of $ 86 million in the quarter. It also ended the period with cash and cash equivalents of Rs 8,072 crore, supporting its investments in digital capabilities and strategic partnerships.
Tech Mahindra did not announce any dividend payout this quarter. However, earlier in April, the IT major had recommended a final dividend of Rs 30 per equity share of face value Rs 5 each for FY25. This was in addition to the interim dividend of Rs 15 per equity share declared in November 2024.
Tech Mahindra Q1 Results highlights: Check highlights of Tech Mahindra’s Q1 Earnings, Interim Dividend, Revenue Growth
Tech Mahindra Q1 Results, Earnings Live Updates: Job cuts across IT, sales and support
Tech Mahindra reported a year-on-year reduction in employee headcount. Verticals like IT, sales and support have seen the highest number of job cuts.
READ MORE: Tech Mahindra Q1FY26 results: Attrition rate a 12.6 percent; job cuts across IT, sales and support
Tech Mahindra Q1 Results, Earnings Live Updates: No dividend announcement
Tech Mahindra did not announce any dividend payout this quarter.
However, earlier in April, the IT major had recommended a final dividend of Rs 30 per equity share of the face value of Rs 5 each for FY25. The final dividend was in addition to the interim dividend of Rs 15 per equity share on face value of Rs 5 each declared in November 2024. The total dividend for FY25 amounted to Rs 45 per equity share on par value of Rs 5 each.
Tech Mahindra Q1 Results, Earnings Live Updates: Key deal wins (Part 4)
Tech Mahindra was selected by an international telecom company in the MEA region for a transformation and managed services deal to manage, centralise, and transform its various IT functions.
Tech Mahindra Q1 Results, Earnings Live Updates: Key deal wins (Part 3)
Tech Mahindra was chosen as a strategic partner by a UK-based manufacturer to drive digital transformation by establishing a Shared Services Center. TechM will deliver end-to-end IT, digital solutions, and BPS services.
Tech Mahindra Q1 Results, Earnings Live Updates: Key deal wins (Part 2)
Tech Mahindra was selected by a Railroad company in the Americas region for the support and development of a portfolio of applications across multiple corporate functions of the company and across multiple technologies including SAP, Salesforce, and data analytics, amongst others.
Tech Mahindra Q1 Results, Earnings Live Updates: Key deal wins (Part 1)
Tech Mahindra was selected as a key ‘growth partner’ by one of US-based consumer wireless operators for its Customer Operations transformation. “The designation as a ‘growth partner’ unlocks the door to all future opportunities as per the client’s new sourcing strategy,” it said.
Tech Mahindra Q1 Results, Earnings Live Updates: Attrition rate at 12.6%
Tech Mahindra's employee attrition rate for the first quarter of FY26 stood at 12.6 per cent, trailing 12-month basis, up from 11.8 per cent in the previous quarter (Q4FY25) and from 10 per cent in Q1FY25. During the quarter in review, Tech Mahindra’s total headcount increased to 1,48,517, up by 897 YoY.
Tech Mahindra Q1 Results, Earnings Live Updates: Update on clients
Tech Mahindra announced that the number of over $50 million clients stood at 26 as at end of June quarter, up by 2 YoY
Tech Mahindra Q1 Results, Earnings Live Updates: Cash flow metrics
• Free Cash Flow at $86 million
• Free Cash Flow to PAT% is 111% (on LTM basis)
Tech Mahindra Q1 Results, Earnings Live Updates: Financial highlights for the quarter (USD)
• Revenue at $1,564 million; up 0.4% YoY
• EBIT at $172 million; up 30.2% YoY
• EBIT Margin 11.1%; up 260 bps YoY
• Profit after tax (PAT) at $133 million; up 30.2% YoY
• PAT Margin 8.5%; up 190 bps YoY
• Free cash flow at $86 million
• New deal wins TCV $809 million
Tech Mahindra Q1 Results, Earnings Live Updates: Rohit Anand on margin expansion
Rohit Anand, Chief Financial Officer, Tech Mahindra, said, “We have delivered seven consecutive quarters of margin expansion - a clear reflection of the discipline and focus across our organization. Even in an uncertain environment, our Project Fortius program continues to generate meaningful results and drive operational improvements.”
Tech Mahindra Q1 Results, Earnings Live Updates: Deal wins TCV
Tech Mahindra announced that during the quarter in review, new deal wins TCV stood at $809 million.
Tech Mahindra Q1 Results, Earnings Live Updates: Deal wins have increased by 44% on a last twelve months basis, says Mohit Joshi
Mohit Joshi, CEO and Managing Director, 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.”
Tech Mahindra on Wednesday released its fiscal first quarter earnings report with profit at Rs 1140.60 crore, posting a growth of 33.95 per cent in comparison to Rs 851.50 crore recorded during the corresponding quarter of FY25. It posted revenue from operations at Rs 13,351.20 crore, up 2.66 per cent as against Rs 13,005.50 crore reported during the same period of previous financial year. The company’s EBIT stood at Rs 1,477 crore, marking a growth of 34.0 per cent YoY.
Tech Mahindra Q1 Results, Earnings Live Updates: Kotak expects a revenue decline in cc terms
Kotak Institutional Equities said, “We forecast CC revenue decline due to: (1) weak hitech vertical, (2) seasonal weakness in Comviva business. These headwinds will more than offset tailwinds from new deal ramp-ups. EBIT margin expansion of 60 bps QoQ will be led by rupee depreciation and cost optimization initiatives.”
In Q4 FY25, Tech Mahindra’s total headcount decreased to 148,731, down by 1,757 quarter-on-quarter but up by 3,276 year‑on‑year. LTM IT attrition rose to 11.8 per cent, up 100 basis points QoQ and from 10.0 per cent YoY, indicating elevated turnover pressures.
Tech Mahindra Q1 Results, Earnings Live Updates: New deal wins in Q4FY25- A recap
Tech Mahindra reported new deal wins worth $798 million, marking a sharp 60 per cent year-on-year growth in Q4 FY25 spanning key verticals including telecom, aerospace, healthcare, and enterprise software. For the full year FY25, the company clocked total deal wins of USD 2.7 billion, up 42.5 per cent YoY, indicating a strong foundation for future growth and client confidence in its capabilities.
Tech Mahindra Q1 Results, Earnings Live Updates: Dividend announcement in Q4FY25- A recap
Tech Mahindra had announced a final dividend of Rs 30 per equity share of the face value of Rs 5 each (600 per cent) for the financial year ended 31st March 2025. The total dividend for FY25 was Rs 45 per equity share on par value of Rs 5 each i.e. 900 per cent.
Tech Mahindra Q1 Results, Earnings Live Updates: Revenue and profit up in Q4FY25- A recap
For the fourth quarter of FY25, Tech Mahindra posted a profit jump of 76.51 per cent to Rs 1166.70 crore as compared to Rs 661.00 crore recorded during the corresponding quarter of FY24. The IT firm had posted revenue from operations at Rs 13,384.00 crore, up 3.98 per cent on-year. The company EBITDA stood at Rs 1,378 crore.
Tech Mahindra Q1 Results, Earnings Live Updates: Estimates from brokerage firms (Part 3)
HDFC Securities
Net sales: Rs 13,393.00 crore; Up 3.0% YoY
EBIT: Rs 1,493.00 crore; Up 35.4% YoY
APAT: Rs 1,234 crore; Up 44.9% YoY
Elara Capita
Revenue: Rs 13,455.80 crore; Up 3.5% YoY
EBIT: Rs 1,468.30 crore; Up 33.2% YoY
Adjusted net profit: Rs 1,201.60 crore; Up 41.1% YoY
Nomura
Revenue: Rs 13,334.70 crore; Up 2.5% YoY
EBIT margin: 10.8%
InCred Equities
Revenue: Rs 13,353.00 crore; Up 2.7% YoY
EBIT: Rs 1,488.90 crore; Up 35.1% YoY
Profit: Rs 1,197.60 crore; Up 40.7% YoY
Kotak Institutional Equities
Revenue: Rs 13,395.10 crore; Up 3.0% YoY
EBIT: Rs 1,490.80 crore; Up 35.2% YoY
Adjusted net profit: Rs 1,186.00 crore; Up 39.3% YoY
Nuvama
Revenue: Rs 13,394.90 crore; Up 3.0% YoY
EBIT: Rs 1,476.60 crore; Up 34.0% YoY
Adjusted PAT: Rs 1,218.40 crore; Up 43.1% YoY
Tech Mahindra Q1 Results, Earnings Live Updates: Kotak sees strong profitability ahead for FY26
Kotak Institutional Equities said, “We expect solid FY2026 profitability. Revenue growth is expected to be weaker due to the rationalization of low-margin businesses and risks in the hi-tech vertical. The telecom vertical is holding on steady.”
Tech Mahindra Q1 Results, Earnings Live Updates: Incred Equities sees sharp EBIT margin expansion
According to Incred Securities, Tech Mahindra is expected to see one of the highest quarter-on-quarter increases in EBIT margin among its IT peers. A 0.9 per cent decline in constant currency revenue is anticipated, led by continued weakness in the telecom, hi-tech, and automotive segments within the manufacturing vertical.
However, margin expansion is likely to be supported by cost rationalisation efforts, though partially offset by revenue softness and the appreciation of the Indian rupee.
Tech Mahindra Q1 Results, Earnings Live Updates: Axis Securities sees limited upside amid sectoral softness
Axis Securities expects Tech Mahindra to report revenue growth of 0.6% on a QoQ basis, led by weakness in the Comviva business and manufacturing and retail business, while its margins are likely to expand marginally due to cost optimisation initiatives.
Tech Mahindra Q1 Results, Earnings Live Updates: Muted growth expected
Analysts are expecting Tech Mahindra to report muted growth across key metrics. Key factors to watch out for include:
a) Deal TCVs and pipeline from the communication vertical
b) Attrition
c) Outlook on growth and margins
d) Multi-year deals
Tech Mahindra Q1 Results, Earnings Live Updates: IT peers TCS and HCLTech post steady Q1 earnings
Other IT majors, TCS and HCLTech, have already released their Q1FY26 earnings on July 10 and July 14, respectively. While TCS reported steady growth with strong deal wins and margin stability, HCLTech posted robust revenue growth but faced pressure on profitability.
Tech Mahindra Q1 Results, Earnings Live Updates: Tech Mahindra to announce its Q1FY26 results today
“Tech Mahindra Ltd, a specialist in digital transformation, consulting, and business reengineering services, will announce its audited results for the first quarter ended 30th June 2025 on 16th July 2025,” the company said in a regulatory filing.
Tech Mahindra Q1 Results, Earnings Live Updates: Welcome to this live blog
Good morning! With the fiscal-first quarter earnings season on and IT majors like TCS and HCLTech having already released their Q1 numbers, investors are looking forward to the result announcement by Tech Mahindra. Through this live blog, we will keep bringing all the updates on key numbers, dividend payout and any other announcements by the management. Stay tuned.