The IT major Tech Mahindra reported total contract value (TCV) of $809 million in new deal wins during the quarter, reflecting a strong 51 per cent jump year-on-year. These wins span multiple geographies and sectors, ranging from telecom and hi-tech to fashion, insurance, and manufacturing.
“Our performance is steadily strengthening, reflecting disciplined execution and a focused strategy. Deal wins have increased by 44 per cent on a last twelve months (LTM) basis, supported by broad-based momentum across verticals and geographies,” said Mohit Joshi, CEO and MD, Tech Mahindra.
Tech Mahindra lands strategic contracts across US, UK, and Japan
Major deals include Tech Mahindra being selected as a ‘growth partner’ by a major US-based consumer wireless operator. The company also won a multi-year engagement with a global fashion brand to lead its digital and data transformation efforts. Another strategic deal was secured with a Japanese insurance company to modernise and digitise its IT systems and operations.
In the UK, Tech Mahindra was chosen by a leading manufacturer to set up a Shared Services Center that will deliver end-to-end IT and BPS services. The company also bagged a deal from a global railroad firm in the Americas for SAP, Salesforce, and analytics support.
Tech Mahindra Q1FY26: Net profit rises nearly 34 per cent
Tech Mahindra reported a 33.95 per cent year-on-year jump in net profit at Rs 1,141 crore for the quarter ended June 30, 2025. Revenue from operations came in at Rs13,351 crore, marking a 2.7 per cent rise compared to the same period last year.
Rohit Anand, CFO of 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.”
Deal wins touch $2.7 billion in FY25
In the previous quarter, Tech Mahindra reported new deal wins worth $798 million spanning key verticals including telecom, aerospace, healthcare, and enterprise software.
For the full year FY25, the company clocked total deal wins of $ 2.7 billion, up 42.5 per cent YoY, indicating a strong foundation for future growth and client confidence in its capabilities.