Tech Mahindra (TECHM) — Financial Results

Tech Mahindra reported Q3 FY'26 revenue of $1,610 million (up 2.7% YoY), with operating margin expanding 290 basis points YoY to 13.1% — marking nine consecutive quarters of expansion. Deal wins reached $1,096 million (48% YoY growth on LTM basis), including a €500 million mega-deal with a European telecom client. Key verticals drove growth: communications 4.7% YoY, manufacturing 11.7% YoY, and Europe 11.2% YoY. AI adoption among top 20 clients neared 100%, with token-based pricing models under development for digital labor monetization.

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About Tech Mahindra Limited (TECHM)

Information Technology · IT - Software · Listed on NSE

Market Cap: ₹1,34,302.72 Cr P/E: 26.3 ROE: 10.0% ROCE: 22.1%

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