$TECHM

Tech Mahindra shares rose 0.77% to ₹1,510.30 on July 17, 2026, after investors took note of the company's Annual General Meeting (AGM) record date. The ex-date for determining shareholder eligibility to participate in and vote at the upcoming AGM was set for July 17, meaning investors needed to hold the company's shares before the ex-date to qualify. The company had earlier announced the AGM schedule on April 22, 2026. While the detailed agenda is yet to be released, the meeting is expected to cover the approval of financial statements, shareholder resolutions, and discussions on the company's future business strategy. Apart from the AGM-related development, Tech Mahindra reported a strong financial performance for the June quarter (Q1 FY27). The company's consolidated net profit increased 32.1% year-on-year to ₹1,490.6 crore, compared to ₹1,128.3 crore in the same quarter last year. On a sequential basis, profit also rose 9.9% from ₹1,356.5 crore reported in the March 2026 quarter. Consolidated revenue grew 17.7% year-on-year to ₹15,711.9 crore, reflecting healthy demand for the company's IT and digital transformation services. Basic earnings per share (EPS) also improved 28.4% to ₹16.53 during the quarter. For the financial year ended March 2026, Tech Mahindra reported annual revenue of ₹56,815 crore and a net profit of ₹4,807 crore. The company continued to maintain a strong financial position with a debt-free balance sheet, reflected in a debt-to-equity ratio of zero, while its Return on Equity (ROE) stood at 16.24%, highlighting efficient capital utilization and operational strength. With a market capitalization of around ₹1.48 lakh crore, Tech Mahindra remains one of India's leading IT services companies. Investors will now closely watch the upcoming AGM for management's outlook on business growth, future strategy, and shareholder-related announcements.