Tech Mahindra - Results Q1 - F.Y. 25-26

Tech Mahindra - Results Q1 - F.Y. 25-26 -

1) Tech Mahindra Q1 Results: Net Profit Jumps 34% YoY To Rs 1,141 Crore, Revenue Up 2.65% 2) IT major Tech Mahindra on Wednesday reported a 33.95 per cent year-on-year jump in its consolidated net profit to Rs 1,140.6 crore for the first quarter ended June 2025. Its revenue from operations in April-June 2025 increased by 2.65 per cent to Rs 13,351.2 crore, compared with Rs 13,005.5 crore. 3) Seen sequentially, net profit was 2.2 per cent lower, while revenues saw a marginal decline of 0.2 per cent. “Our performance is steadily strengthening, reflecting disciplined execution and a focused strategy. Deal wins have increased by 44 per cent on a last twelve months (LTM) basis, supported by broad-based momentum across verticals and geographies," Mohit Joshi, CEO and Managing Director of Tech Mahindra, said. The company’s total headcount stood at 148,517 as of June 30, 2025, an increase of 897 employees year-on-year. The LTM (last twelve months) IT services attrition was at 12.6 per cent. 4) Tech Mahindra’s revenue from the Americas market, which accounts for nearly half of its overall topline, fell 5.9% compared to last year. 5) Uncertainty around US tariffs have quashed IT companies’ hopes of a revival in client confidence and spending in its biggest market. A survey in May showed two in five tech executives had deferred discretionary projects. 6) The company’s net new bookings rose to $809 million in the quarter from $798 million in the previous quarter and $534 million in the year-ago period. 7) Results are in line with expectations. All this is for information. This is not a buy/sell recommendation. Thank you, Technofunda24