Tech Mahindra Q2 FY27: PAT ₹154 Cr & Rev ₹1,660 Cr

Metric	Value
Revenue	₹1,660 Cr
Net Profit (PAT)	₹154 Cr

📢 Key Event
Tech Mahindra reported Q1 FY27 results with 6.1% YoY revenue growth and 14.4% operating margin, driven by strong vertical performance and AI adoption.

🔄 What Changed
Operating margin increased by 60 basis points QoQ and 330 basis points YoY, while free cash flow grew 94% YoY to ₹167 crores and ROI improved by 450 basis points.

🔮 What's Next
Target operating margin of 15% for FY27, with sustained growth expected in Q2 due to large deal ramp-ups and order book strength.

💡 Investor Takeaway
Shareholders should note that margin expansion and AI-driven efficiency gains are supporting financial targets, but near-term macro volatility and competitive pricing pressures require continued execution discipline.

Tech Mahindra reported Q1 FY27 revenue growth of 6.1% YoY (6.6% in constant currency) and an operating margin of 14.4%, driven by strong performance in manufacturing, BFSI, and healthcare verticals, with seven new clients exceeding $50M in revenue and recognition as Google Cloud Partner of the Year for 2026. The company highlighted record deal wins of $1.078 billion, AI deployments across 350+ agents and Orion platform integration, and margin expansion supported by cost optimization and disciplined pricing, reaffirming a 15% target for FY27 amid a healthy order book and favorable cash flow trends.

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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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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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