Tech Mahindra (NSE: TECHM) – Q2 Results Beat Revenue Estimates

Tech Mahindra reported Q2FY26 revenue of ₹13,995 crore, up 4.8% sequentially, while net profit rose 4.7% to ₹1,195 crore, aided by strong demand from banking and manufacturing clients. EBITDA margin improved 12% quarter-on-quarter, exceeding estimates, and the board announced an interim dividend of ₹15 per share.​ Investment Implications: Sequential margin recovery and deal pipeline stabilization indicate improving operational efficiency. However, global IT demand uncertainty warrants cautious optimism. Actionable Insight: Accumulate on declines near ₹1,370 with targets of ₹1,500–₹1,530 given sustained margin recovery momentum