Tech Mahindra on Thursday, 15 October, announced its Q2 FY27 consolidated net profit of ₹1,586 crore, up 8.2 % sequentially from ₹1,465 crore in Q1 FY27 and 33 % year‑on‑year. The company’s revenue from operations rose 3 % QoQ to ₹16,180 crore, compared with ₹15,712 crore in the June quarter of FY25‑26. On a yearly basis, revenue jumped 15.6 % from ₹13,995 crore in Q1 FY26. In constant‑currency terms, revenue increased 2.4 % QoQ and 7.2 % annually, amounting to $1,693 million.

Operating earnings before interest and taxes (EBIT) stood at ₹2,387 crore, up 5.4 % QoQ from ₹2,264 crore, and the EBIT margin rose 40 basis points to 14.8 % in Q2 FY27 versus 14.4 % in the prior quarter. CEO and Managing Director Mohit Joshi said the company “continues to sustain business momentum” with 7.2 % year‑on‑year constant‑currency growth, celebrating its 40th anniversary while looking ahead with confidence.

Free cash flow for the quarter was $135 million. Tech Mahindra also secured new deal wins totaling $1,023 million in total contract value, a 25.4 % year‑on‑year increase. The firm’s total headcount for Q2 FY27 was 152,206, with a last‑twelve‑months IT attrition rate of 11.7 %. Cash and cash equivalents at quarter‑end stood at ₹7,330 crore. This performance underscores the company's robust operational efficiency and strategic focus on high‑margin services in the evolving digital landscape.

Basic earnings per share rose to ₹17.84 in Q2 FY27. Chief Financial Officer Rohit Anand highlighted disciplined execution, noting that margins have expanded for the twelfth consecutive quarter and that the company is investing in AI to improve productivity, drive innovation and build capabilities for future growth. The board declared an interim dividend of ₹15 per equity share of ₹5 face value (300 %) for FY27, with a record date of 23 October 2026.

The board also recommended a 1:1 bonus issue, subject to shareholders’ approval, whereby shareholders would receive one ₹5 bonus share for every existing ₹5 share held on the record date. Additionally, the board proposed increasing the authorised share capital from ₹924.3 crore to ₹1,000 crore. The record date for the bonus issue and entitlement of bonus shares will be announced later. This move aims to enhance shareholder value and align with long‑term growth.

On Thursday, Tech Mahindra shares settled at ₹1,650 per share on the National Stock Exchange, up 4.75 %. The earnings were released after market hours. The company’s market capitalisation stands at ₹1.62 lakh crore. The record dates for the interim dividend and the bonus issue will be announced subsequently, as the board finalises the terms. Investors are advised to monitor the forthcoming announcements for precise dates and eligibility criteria and any related regulatory approvals.