Tech Mahindra Share Price Rises After Q1 FY27 Results: Net Profit Increases 8% QoQ, Revenue Grows

Tech Mahindra share price in focus after the company announced its Q1 FY27 financial results, reporting growth in profit, revenue and operating margins. The IT services company also recorded strong deal wins and healthy growth in constant currency revenue during the quarter.

Tech Mahindra Q1 FY27 Financial Performance

Tech Mahindra reported a consolidated net profit of ₹1,465 crore for the quarter ended June 30, 2026. This represents an 8.2% increase from ₹1,354 crore reported in the previous quarter (Q4 FY26). On a year-on-year basis, net profit rose 28.4%.

Revenue from operations stood at ₹15,712 crore, up 4.2% quarter-on-quarter from ₹15,076 crore. Compared with the same quarter last year, revenue increased 17.6% from ₹13,351 crore.

Q1 FY27 Financial Highlights

Revenue Growth in Constant Currency

In constant currency terms, Tech Mahindra's revenue reached $1,660 million, recording a 2.6% sequential growth and a 6.6% increase compared with the same quarter last year.

The company also generated a free cash flow of $167 million during the quarter.

Strong Deal Wins Continue

Tech Mahindra secured new deal wins worth $1,078 million in Q1 FY27, representing a 33.3% year-on-year increase in total contract value (TCV).

Mohit Joshi, Chief Executive Officer and Managing Director, said the company has now reported 3 consecutive quarters with deal wins exceeding $1 billion, reflecting steady client demand and stronger customer relationships.

Workforce And Cash Position

At the end of the June quarter, Tech Mahindra's total workforce stood at 146,760 employees, a decline of 863 employees compared with the previous quarter.

The company's last 12 months (LTM) IT attrition rate stood at 11.8%.

Tech Mahindra reported cash and cash equivalents of ₹9,695 crore at the end of the quarter.

Basic earnings per share (EPS) improved to ₹16.53, compared with ₹12.87 in the corresponding quarter of the previous financial year.

Geographical Revenue Performance

The Americas remained the company's largest market, contributing 48.6% of total revenue. Revenue from the region declined 0.1% sequentially but increased 4.8% year-on-year.

Europe accounted for 27.5% of total revenue, posting 8.1% quarter-on-quarter growth and 12.1% annual growth.

The Rest of the World (RoW) contributed 23.9% of revenue, with growth of 0.6% sequentially and 2.5% year-on-year.

Tech Mahindra Share Price Movement

On July 17, 2026, Tech Mahindra share price (NSE: TECHM)traded at ₹1,532.10 on the NSE, gaining 1.44% during the session. The stock opened at ₹1,540.00, touched a high of ₹1,562.90, and a low of ₹1,527.30. The company currently has a market capitalisation of ₹1.50 lakh crore, while its 52-week high stands at ₹1,854.00.

Read More: JioBlackRock Mutual Fund's June 2026 Portfolio: Top Stock Holdings Include RIL, HDFC Bank and SBI!

Conclusion

Tech Mahindra delivered a strong start to FY27 with higher profit, revenue and operating margins, supported by robust deal wins and steady growth across key markets. 

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