IT major Tech Mahindra reported a 14.1% profit growth in the third quarter of FY26. The company posted a consolidated profit of Rs 1,122 crore in Q3 FY26. Its consolidated profit in Q3 FY25 was Rs 983 crore.
Tech Mahindra posted an 8.3% YoY revenue growth in the quarter. The company’s consolidated revenue from operations in Q3 FY26 stood at Rs 14,392 crore, compared to a revenue of Rs 13,285 crore in the corresponding quarter of the previous fiscal year.
Margin growth
The tech company reported an EBIT of Rs 1,892 crores in the quarter, up 40 per cent year on year. Its EBIT margin in the quarter stood at 13.1 per cent, increasing by 290 basis points on a yearly basis.
“This quarter reflects a well-rounded financial performance, marked by ninth consecutive quarter of margin expansion and continued strength in cash generation. A sustained focus on working capital discipline has led to improved cash flows and a meaningful improvement in DSO, driven by consistent execution.” Rohit Anand, Chief Financial Officer, Tech Mahindra, said.
Deal wins
New deal wins jumped 47 per cent to USD 1.096 billion, the company said, adding that the number is over 34 per cent higher than the September quarter.”Our deal wins on an LTM basis are the highest we have achieved in the past five years, reflecting an improved deal-win run-rate over the past several quarters,” the company’s Chief Executive and Managing Director Mohit Joshi said.
The overall headcount as of December 31, 2025 stood at 1,49,616, which was down 872 as compared to the year-ago period. The overall attrition stood at 12.3 per cent.The company was carrying cash and equivalents of Rs 7,666 crore as of December 31, 2025.