Tech Mahindra Posts 34% Profit Rise in Q1 FY26, outperforms Tata Consultancy Services and HCLTech
India’s IT giant Tech Mahindra has delivered a great start to FY26 with a 33.9% increase in Q1 net profit, reaching ₹1,140.6 crore. Surpassing both last year’s ₹851.5 crore and outperforming most Wall Street expectations. This company marks the company’s seventh consecutive quarter of margin expansion.
CEO Mohit Joshi also highlighted the company’s aim to build industrial-grade AI. Tech Mahindra has also deployed over 200 enterprise AI agents, marking a significant step into scaling agentic AI systems. The company has trained over 77000 employees in AI and GenAI, strengthening their transformation in AI systems. The company is also strengthening its leadership with hires like Anmol Phadke as Chief Transformation Officer.
He said, “Deal wins have increased by 44% on a last twelve months (LTM) basis, supported by broad-based momentum across verticals and geographies.”
“We have delivered seven consecutive quarters of margin expansion – a clear reflection of the discipline and focus across our organisation. Even in an uncertain environment, our Project Fortius program continues to generate meaningful results and drive operational improvements, highlighted Tech Mahindra CFO Rohit Anand.
