Tech Mahindra Reports Strong Q1 Growth, Plans to Resume Campus Hiring

Research Analyst: UJVIN NEVATIA (PROPRIETOR: NEVAT INVESTMENTS) | SEBI Registration No.: INH100009628

reported a 28.5% year-on-year increase in consolidated net profit to ₹1,465 crore for the first quarter of FY27, compared with ₹1,141 crore in the year-ago period. Revenue from operations grew 17.7% to ₹15,712 crore, supported by strong performance across key verticals, particularly the manufacturing segment. The company's EBIT margin improved to 11.1%, reflecting better operational efficiency. Total deal wins crossed $1.08 billion, up from $809 million a year earlier, providing healthy revenue visibility for future quarters. Tech Mahindra also announced plans to restart campus hiring after a gap, reflecting confidence in business demand and long-term growth prospects. The company continues to invest in AI, digital engineering, cloud, and next-generation technologies to strengthen its service offerings. Industry & Economic Impact: The results indicate improving momentum in India's IT services sector, with enterprises continuing to invest in digital transformation, AI, cloud computing, and engineering services. Strong deal wins and the resumption of campus hiring suggest growing confidence in medium-term technology spending despite global macroeconomic uncertainties. From an economic perspective, increased hiring by major IT companies supports employment generation for engineering graduates and strengthens India's position as a global technology services hub. Continued growth in the IT sector also contributes to export earnings, foreign exchange inflows, and the expansion of the country's digital economy. Source: The Hindu No Recommendations