Tech Mahindra Reports 28% Profit Rise in Q1 FY27

Tech Mahindra reported a consolidated net profit of Rs 1,465 crore for the first quarter of FY27, ending June 30, 2026. This represents a 28% increase year-on-year, although the figure fell short of CNBC-TV18 estimates of Rs 1,684 crore. Revenue from operations grew 18% year-on-year to Rs 15,712 crore, while the total contract value of new deal wins rose 33% to approximately $1 billion.

During the quarter, the company expanded its ecosystem through new partnerships with Microsoft, Telefonica Germany, and the robotics platform Viam. Growth was primarily driven by the IT and BPS segments. However, the company's total headcount decreased by 863 persons during the period.

CEO Mohit Joshi described the results as a sign of business resilience and noted the expansion of the company's $50 million-plus client base. CFO Rohit Anand cited broad-based growth and margin expansion, stating the company remains focused on investments in sovereign AI, platforms, and talent to build a future-ready organization.