Tech Mahindra Q1 FY26 Earnings: Pune-headquartered Tech Mahindra on Wednesday reported a net profit of Rs 1,141 crore for the quarter ended June 30, a 2.2 per cent decline sequentially. The IT major’s quarterly net profit misses analysts’ estimates.
Its revenue came in at Rs 13,351 crore, marking a 0.2 per cent decline from the March quarter, according to a regulatory filing.
The top-line also fell short of analysts’ expectations.
According to Zee Business research, Tech Mahindra was estimated to register a net profit of Rs 1,218 crore with revenue of Rs 13,394 crore for the first quarter of the current financial year.
Tech Mahindra Q1 Results | How the IT major performed operationally
The company registered Rs 1,477 crore in quarterly earnings before interest and taxes (EBIT) for the April-June period, as against Rs 1,378 crore for the previous three months.
Its margin–a key measure of profitability–came in at 11.1 per cent, marking an improvement of 70 basis points (bps) on a quarter-on-quarter basis.
Tech Mahindra shares
Tech Mahindra shares–traded with the symbol TECHM on stock exchanges BSE and NSE–rose 1.9 per cent to settle at Rs 1,609 apiece on BSE earlier in the day.
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