Quarterly results · TECHM
TECH MAHINDRA LIMITED reported revenue of ₹16,180 cr and net profit of ₹1,586 cr in Q2 FY27 (quarter ended 30 Sept 2026). Below is the full quarter-wise results table with revenue, operating profit, margins, tax, EPS and annual history — updated automatically from exchange filings.
| Quarter | Q2 FY27 |
|---|---|
| Quarter ended | 30 Sept 2026 |
| Revenue | ₹16,180 cr |
| Revenue YoY | — |
| Operating profit | ₹2,387 cr |
| Operating margin | 14.8% |
| Net profit | ₹1,586 cr |
| Net profit YoY | — |
| Net profit QoQ | +8.2% |
| Net margin | 9.8% |
| Basic EPS | ₹17.88 |
| TTM revenue | ₹61,361 cr |
| TTM net profit | ₹5,527 cr |
| TTM net margin | 9.0% |
TECH MAHINDRA LIMITED (TECHM) has reported its Q2 FY27 results for the quarter ended 2026-09-30. The company posted revenue of ₹16,180 cr and a net profit of ₹1,586 cr, translating into earnings per share of ₹17.88.
Operating profit for the quarter stood at ₹2,387 cr, an operating margin of 14.8%.
Revenue
₹16,180 cr
— YoY
Net profit
₹1,586 cr
— YoY
Operating profit
₹2,387 cr
— YoY
EPS
₹17.88
— YoY
| Quarter | Revenue | Operating profit | Net profit | OPM | Net margin | EPS | Profit YoY | Profit QoQ |
|---|---|---|---|---|---|---|---|---|
| Q2 FY272026-09-30 | ₹16,180 cr | ₹2,387 cr | ₹1,586 cr | 14.8% | 9.8% | ₹17.88 | — | +8.2% |
| Q1 FY272026-06-30 | ₹15,712 cr | ₹2,264 cr | ₹1,465 cr | 14.4% | 9.3% | ₹16.53 | +28.4% | +8.2% |
| Q4 FY262026-03-31 | ₹15,076 cr | ₹2,084 cr | ₹1,354 cr | 13.8% | 9.0% | ₹15.27 | — | +20.7% |
| Q3 FY262025-12-31 | ₹14,393 cr | ₹1,892 cr | ₹1,122 cr | 13.1% | 7.8% | ₹12.66 | — | -1.6% |
| Q1 FY262025-06-30 | ₹13,351 cr | ₹1,477 cr | ₹1,141 cr | 11.1% | 8.5% | ₹12.87 | — | — |
| TTM (last 4 quarters) | ₹61,361 cr | ₹8,627 cr | ₹5,527 cr | 14.1% | 9.0% | ₹62.34 | — | — |
Consolidated figures as reported to the exchanges, shown in ₹ crore. OPM = operating profit margin. Updated automatically whenever a new quarter is filed.
Line-item results for the last six quarters as filed — sales, expenses, operating profit, interest, tax and profit after tax in ₹ crore.
| Particulars | Q2 FY272026-09-30 | Q1 FY272026-06-30 | Q4 FY262026-03-31 | Q3 FY262025-12-31 | Q1 FY262025-06-30 |
|---|---|---|---|---|---|
| Revenue / Sales | ₹16,180 cr | ₹15,712 cr | ₹15,076 cr | ₹14,393 cr | ₹13,351 cr |
| Total expenses | ₹13,793 cr | ₹13,448 cr | ₹12,992 cr | ₹12,501 cr | ₹11,874 cr |
| Gross profit | ₹6,100 cr | ₹6,044 cr | ₹5,485 cr | ₹5,288 cr | ₹4,542 cr |
| Operating profit (EBIT) | ₹2,387 cr | ₹2,264 cr | ₹2,084 cr | ₹1,892 cr | ₹1,477 cr |
| Operating margin | 14.8% | 14.4% | 13.8% | 13.1% | 11.1% |
| Interest cost | ₹83.6 cr | ₹111 cr | ₹88.8 cr | ₹93.6 cr | ₹77.8 cr |
| Profit before tax | ₹2,296 cr | ₹2,042 cr | ₹1,791 cr | ₹1,505 cr | ₹1,618 cr |
| Tax expense | ₹686 cr | ₹556 cr | ₹434 cr | ₹387 cr | ₹489 cr |
| Effective tax rate | 29.9% | 27.2% | 24.2% | 25.7% | 30.2% |
| Net profit (PAT) | ₹1,586 cr | ₹1,465 cr | ₹1,354 cr | ₹1,122 cr | ₹1,141 cr |
| Net profit margin | 9.8% | 9.3% | 9.0% | 7.8% | 8.5% |
| Basic EPS | ₹17.88 | ₹16.53 | ₹15.27 | ₹12.66 | ₹12.87 |
| Diluted EPS | ₹17.84 | ₹16.50 | ₹15.24 | ₹12.64 | ₹12.86 |
| Growth | Q2 FY27 | Q1 FY27 | Q4 FY26 | Q3 FY26 | Q1 FY26 |
|---|---|---|---|---|---|
| Revenue YoY | — | +17.7% | — | — | — |
| Revenue QoQ | +3.0% | +4.2% | +4.7% | +7.8% | — |
| Operating profit YoY | — | +53.3% | — | — | — |
| Operating profit QoQ | +5.4% | +8.6% | +10.2% | +28.1% | — |
| Net profit YoY | — | +28.4% | — | — | — |
| Net profit QoQ | +8.2% | +8.2% | +20.7% | -1.6% | — |
| EPS YoY | — | +28.4% | — | — | — |
| EPS QoQ | +8.2% | +8.3% | +20.6% | -1.6% | — |
Full-year performance for TECH MAHINDRA LIMITED, useful for reading each quarter in context.
| Particulars | FY262026-03-31 | FY252025-03-31 | FY242024-03-31 | FY232023-03-31 |
|---|---|---|---|---|
| Revenue / Sales | ₹56,815 cr | ₹52,988 cr | ₹51,996 cr | ₹53,290 cr |
| Total expenses | ₹49,428 cr | ₹47,821 cr | ₹48,573 cr | ₹47,041 cr |
| Gross profit | ₹16,022 cr | ₹14,168 cr | ₹12,968 cr | ₹14,571 cr |
| Operating profit (EBIT) | ₹7,388 cr | ₹5,168 cr | ₹3,422 cr | ₹6,250 cr |
| Operating margin | 13.0% | 9.8% | 6.6% | 11.7% |
| Interest cost | ₹337 cr | ₹322 cr | ₹392 cr | ₹326 cr |
| Profit before tax | ₹6,573 cr | ₹5,653 cr | ₹3,224 cr | ₹6,446 cr |
| Tax expense | ₹1,768 cr | ₹1,400 cr | ₹828 cr | ₹1,589 cr |
| Effective tax rate | 26.9% | 24.8% | 25.7% | 24.6% |
| Net profit (PAT) | ₹4,811 cr | ₹4,252 cr | ₹2,358 cr | ₹4,831 cr |
| Net profit margin | 8.5% | 8.0% | 4.5% | 9.1% |
| Basic EPS | ₹54.28 | ₹48.00 | ₹26.66 | ₹54.76 |
| Diluted EPS | ₹54.19 | ₹47.91 | ₹26.58 | ₹54.54 |
Topline for Q2 FY27 came in at ₹16,180 cr, and ₹15,712 cr in the preceding Q1 FY27 quarter.
On a sequential basis revenue grew +3.0%. Sequential moves are the quickest read on demand momentum because they strip out the base effect of a year-old quarter, though seasonality can distort a single quarter.
Total expenses for the quarter were ₹13,793 cr, or 85.2% of revenue.
Net profit of ₹1,586 cr works out to a net margin of 9.8%.
Below the operating line, TECH MAHINDRA LIMITED reported profit before tax of ₹2,296 cr, a tax charge of ₹686 cr (effective rate 29.9%), interest cost of ₹83.6 cr. Reading these together with operating profit shows how much of the quarter's earnings were driven by the core business versus financing and tax movements.
Sequentially, net profit moved from ₹1,465 cr in Q1 FY27 to ₹1,586 cr in Q2 FY27, a change of +8.2%.
Across the trailing four quarters TECH MAHINDRA LIMITED has generated revenue of ₹61,361 cr and net profit of ₹5,527 cr, a trailing net margin of 9.0%. The trailing view smooths out one-off quarters and is the number most valuation multiples are built on.
On a full-year basis, FY26 revenue was ₹56,815 cr with net profit of ₹4,811 cr and EPS of ₹54.28, versus the prior year where revenue grew +7.2% and profit grew +13.2%.
For the coming quarters the numbers worth tracking on this page are revenue momentum, the operating margin trend, the interest burden and whether EPS keeps pace with profit growth. A single weak quarter matters less than the direction over three to four consecutive quarters.
TECH MAHINDRA LIMITED has not yet intimated its next results date to the exchange. This page refreshes automatically from filings and the board-meeting calendar, so the tables above will reflect the next quarter as soon as it is reported.
All figures here are as reported to the exchanges and shown in ₹ crore, without adjustment. This is information and analysis, not investment advice.
Tech Mahindra (TECHM) last traded at ₹1,829.10, -5.60 (-0.31%). The in-focus trigger, the levels the tape is defending, and what the numbers mean for traders and long-term holders.
Tech Mahindra (TECHM) last traded at ₹1,834.70, +55.60 (+3.13%). We read the exchange board, the volume against its own average, and what a shareholder should actually do with this information.
TECH MAHINDRA LIMITED (TECHM) is up 8.48% at ₹1,790.00 as of 12:00 am IST — one of the sharpest large-cap moves of the session.
TECH MAHINDRA LIMITED (TECHM) is up 8.48% at ₹1,790.00 as of 12:00 am IST — one of the sharpest large-cap moves of the session.
TECH MAHINDRA LIMITED (TECHM) is up 8.48% at ₹1,790.00 as of 12:00 am IST — one of the sharpest large-cap moves of the session.
TECH MAHINDRA LIMITED (TECHM) is up 7.13% at ₹1,767.60 as of 10:15 am IST — one of the sharpest large-cap moves of the session.
In Q2 FY27 (quarter ended 30 Sept 2026), TECH MAHINDRA LIMITED reported revenue of ₹16,180 cr and net profit of ₹1,586 cr. EPS stood at ₹17.88.
TECH MAHINDRA LIMITED posted a net profit margin of 9.8% and an operating margin of 14.8% in Q2 FY27. On a trailing twelve-month basis, revenue is ₹61,361 cr and net profit ₹5,527 cr.
TECH MAHINDRA LIMITED net profit changed +8.2% quarter on quarter, from ₹1,465 cr in Q1 FY27 to ₹1,586 cr in Q2 FY27.
TECH MAHINDRA LIMITED has not yet intimated its next results date to the exchange. This page updates automatically from the exchange board-meeting calendar.
Our latest TECHM results coverage — "TECHM Zoomed 8.48%: Inside the Quarterly Results Story Moving Tech Mahindra Shares" — breaks down revenue, profit, margins and management commentary.
For FY26, TECH MAHINDRA LIMITED reported full-year revenue of ₹56,815 cr and net profit of ₹4,811 cr, with EPS of ₹54.28.
Past results dates for TECHM will be listed here from the exchange calendar.
Results dates sourced from the exchange board-meeting calendar; reported figures from company filings, last refreshed 26 Oct 2026. For information only, not investment advice.
