Tech Mahindra Q2 Results Preview: Tech Mahindra Ltd is scheduled to release its financial results for the July–September quarter of FY26 on October 14, with early estimates signalling a gradual improvement in profitability. According to Zee Business Research Team, the company is expected to deliver a stable performance, even as demand across key global markets continues to remain soft.
According to Zee Business Research, revenue is likely to come in at around Rs 13,841 crore, an increase of 3.7 per cent from Rs 13,351 crore in the previous quarter. In dollar terms, the topline may improve 1.4 per cent to $158.3 crore. Sequentially, EBIT is expected to climb 9.4 per cent to Rs 1,616 crore, helping the operating margin expand to 11.67 per cent from 11.1 per cent in Q1. The increase in margin is likely to be because of tighter cost controls, operational efficiencies, and better utilisation rates across delivery centres.
Net profit (PAT) is seen rising 13.3 per cent quarter-on-quarter to Rs 1,292 crore, compared to Rs 1,141 crore earlier. In constant-currency terms, revenue growth could be around 0.9 per cent. The total contract value (TCV) of new deal wins is estimated between $70 million and $80 million.
Management commentary on FY27 margin guidance, which is expected to stay near 15 per cent, will be closely watched. Market attention will also focus on the BFSI and CME verticals—particularly in the US—while manufacturing may remain soft amid muted auto spending. The Hi-Tech segment is likely to stay under pressure because of semiconductor headwinds.
Tech Mahindra Q1 snapshot
During the first quarter of FY26, Tech Mahindra posted a net profit of ₹1,141 crore, reflecting a 34 per cent rise from a year earlier. The growth was supported by steady execution, healthy deal momentum, and ongoing efficiency gains. Revenue for the quarter inched up 2.7 per cent to ₹13,351 crore, while the EBIT margin improved to 11.1 per cent, extending its run of sequential gains for the seventh straight quarter.
The company continued to secure new business, closing deals worth around $809 million during the period. Despite a challenging macroeconomic backdrop and uneven demand trends across key markets, management maintained a measured outlook for the remainder of the fiscal year, citing confidence in the strength of its order pipeline and cost discipline.
Tech Mahindra shares ended in red on Monday at Rs 1456.60, down 0.041 per cent.
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