Leading IT services company Tech Mahindra has reported a consolidated profit after tax (PAT) of ₹1,354 crore in the March quarter of FY26, as compared to ₹1,141 crore in the corresponding quarter of the last fiscal, logging a growth of 16%.
Revenue and cash position
The company has clocked a 12.6% rise in its consolidated revenue at ₹15,076 crore, as against ₹13,384 crore. Cash and cash equivalents at the end of the March quarter stood at ₹8,456 crore.
Full-year performance
For FY26, Tech Mahindra recorded revenue of ₹56,815 crore, up 7.2% y-o-y. The EBIT stood at ₹7,152 crore, up 39.2%, while PAT was at ₹4,811 crore, up 13.2%.
Embedding AI across services
Tech Mahindra MD & CEO Mohit Joshi said, “We are accelerating our transition to an AI-led organisation, embedding AI across services and expanding our capabilities to enhance value delivery for our clients. This is reflected in our highest deal wins in recent years, including consecutive quarters exceeding $1 billion. We remain focused on scaling with discipline and are on track to delivering our FY27 commitments.”
Deal wins momentum
The company closed FY26 with the highest-ever deal wins of $3,794 million in the last five years, reflecting stronger client confidence in Tech Mahindra’s transformation capabilities and solution-led go-to-market, and finished Q4 with the highest YoY constant currency growth in three years.
Telco segment wins
It secured large telco wins over consecutive quarters that are aimed at accelerating innovation, strengthening digital resilience, and achieving AI-led operational efficiencies.
European telecom engagement
Tech Mahindra secured a large, multi-year AI-led transformation and outsourcing engagement with a major European telecommunications operator, spanning global customer support, quote-to-bill operations, and post-sales services.
Agentic AI is embedded into the operating model via a proprietary orchestration platform to drive zero-touch operations, automation-led efficiency, and a joint go-to-market for AI-first services.
North America automotive partnership
The company was selected by a leading North American automotive OEM as a strategic partner for application development and support across mission-critical enterprise systems.
Leveraging capabilities in application engineering, integration, automation, AI, and data enablement, this engagement will reduce technical debt, improve operational efficiency, and accelerate delivery of enhancements, advancing the client’s digital transformation priorities and supporting long-term scalability and cost optimisation across North American operations.
Increased dividend by over 13%
Tech Mahindra CFO Rohit Anand said, “FY26 marked the end of the stabilisation phase of our transformation journey, with margins expanding for the 10th consecutive quarter despite a challenging macro environment. In line with our disciplined capital allocation framework and commitment to our shareholders, we increased the dividend by over 13%, taking total dividends declared for the year to ₹51 per share, our highest ever.”
Product innovation
Tech Mahindra launched an agentic payment assistance and collections optimisation solution for telcos at Mobile World Congress 2026. The solution helps global telecommunications operators efficiently discover, test, deploy, and manage a wide range of software solutions, including pre-built AI agents.
Dividend payout
The board of directors has recommended final dividend of Rs 36 per equity share of the face value of ₹5 each (720%) for FY26. The final dividend recommended is in addition to the interim dividend of ₹15 per equity share on face value of ₹5 each (300% ) paid by the company in November 2025.