Tech Mahindra's turnaround is becoming more credible.

Tech Mahindra's turnaround is becoming more credible. Q1 FY27 showed strong revenue growth, significant margin expansion and healthy deal wins, making the company one of the better improving stories within large-cap IT. 🟢 Q1 FY27 highlights Revenue: ₹15,712 crore, +17.7% YoY EBIT: ₹2,264 crore, +53.3% PAT: ₹1,465 crore, +28.4% EBIT margin: 14.4%, up from 11.1% YoY New deal TCV: $1.078 billion, +33.3% YoY Free cash flow: $167 million Cash & equivalents: about ₹9,695 crore. The most important positive is margin recovery. EBIT grew 53% while revenue grew 18%, showing that Tech Mahindra's cost-optimisation programme and operating leverage are beginning to work. 1. Large deal momentum: Tech Mahindra has delivered three consecutive quarters with deal wins above $1 billion, providing better revenue visibility. Its $50-million-plus client base also increased by seven. 2. AI opportunity: The company is investing in domain-specific AI, sovereign AI, agentic development and AI-led modernisation. Its new Agentic Development & Modernization Services could become an important growth area as enterprises shift from traditional IT services toward AI-led transformation