Tech Mahindra Share Price in Focus; Headcount Falls by 1,993 in Q4FY26, Attrition Rate Eases

Tech Mahindra reported a decline of 1,993 employees in the quarter ended 31 March 2026, as per news reports. The total workforce stood at 147,623 at the end of the period. For the full year FY26, the headcount was lower by 1,108 compared with the previous year. 

A large share of employees remains offshore, accounting for about 77.8% of the workforce, while the rest are based onsite. The change in headcount shows a continued adjustment in staffing levels. 

Attrition Edges Lower 

The company’s last 12-month attrition rate declined slightly to 12.1% in Q4, compared with 12.3% in the previous quarter. The movement indicates a limited easing in employee exits. 

Hiring Approach and Internal Changes 

During the period, the company continued with its restructuring programme. Hiring remained selective, with recruitment focused on specific requirements rather than broad-based additions. 

Management has also been increasing the use of artificial intelligence across services and internal processes. This is being used to support delivery and improve productivity. 

Tech Mahindra Q4FY26 Financial Performance 

Net profit for the January-March quarter rose 20.7% sequentially to ₹1,353.8 crore. Revenue from operations increased by 4.7% to ₹15,076.1 crore. 

Operating margin improved to 13.8%, up from 13.1% in the previous quarter. Earnings per share for the quarter stood at ₹15.24. 

The company declared a final dividend of ₹36 per share for FY26. This takes the total dividend for the year to ₹51 per share, including the interim payout. 

Peer Hiring Trends 

In comparison, Tata Consultancy Services (TCS) added 2,356 employees during the quarter. HCLTech increased its workforce by 802, while Wipro reported a smaller addition of 135 employees. 

Read More: Bharat Electronics (BEL) Secures ₹569 Crore Orders To Kick Off FY27! 

Tech Mahindra Share Price Performance  

As of April 23, 2026, at 11:19 am, Tech Mahindra Ltd share price was trading at ₹1,436.00, a 1.82% decrease from the previous closing price. 

Conclusion 

The decline in headcount during the quarter aligns with a narrower hiring approach. Margins improved during the same period, while attrition showed a slight reduction. 

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