Tech Mahindra LimitedQ2 FY27 Results & Financial Update
Tech Mahindra Limited: Q2 FY27 consolidated results and company financials – revenue ₹16,180.20 Cr, PAT ₹1,609.70 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
Quarter at a glanceCurrent reported figures.Change figures appear when a comparable reported period is available.
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Quarterly Results AnalysisExplore Tech Mahindra Q2 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.
Quarter overview
Quarterly earnings analysis
Tech Mahindra Limited registered a consolidated revenue of INR 16,180.20 crore for the quarter ended September 30, 2026, marking an increase compared to the previous quarter's revenue of INR 15,711.90 crore. Total income for Q2 FY27 stood at INR 16,172.80 crore, up from INR 15,605.50 crore in Q1 FY27.
Profit before tax (PBT) expanded to INR 2,296.10 crore during the quarter under review, compared to INR 2,041.90 crore in the preceding quarter.
Profit after tax (PAT) rose to INR 1,609.70 crore for Q2 FY27, compared to INR 1,486.30 crore in Q1 FY27, reflecting improved bottom-line performance.
Basic earnings per share (EPS) for the quarter improved to INR 17.88, compared to INR 16.50 reported in the previous quarter.
Finance costs for the quarter were recorded at INR 83.60 crore, while depreciation and amortisation expenses stood at INR 491.40 crore.
Tax expenses for Q2 FY27 were reported at INR 686.40 crore, compared to INR 555.60 crore in the preceding quarter.
Tech Mahindra reported consolidated revenue of INR 16,180.2 crore for Q2 FY27, representing a sequential increase of 2.98% compared to INR 15,711.9 crore in Q1 FY27.
Total income for the quarter stood at INR 16,172.8 crore, up sequentially from INR 15,605.5 crore in the preceding quarter.
01 · Business model
What does Tech Mahindra do?
Tech Mahindra Limited is a prominent global provider of digital transformation, consulting, and business re-engineering services and solutions. Operating on a consolidated scale, the company delivers specialized IT services, networking solutions, and digital platforms to an international client base spanning diverse industry verticals.
02 · Financial snapshot
Current quarter vs the available comparable
| Metric | Q2 FY27 | Previous quarter |
|---|---|---|
| Revenue from operations | ₹16,180.20 Cr | ₹15,711.90 Cr |
| Total income | ₹16,172.80 Cr | ₹15,605.50 Cr |
| Profit before tax | ₹2,296.10 Cr | ₹2,041.90 Cr |
| Profit after tax | ₹1,609.70 Cr | ₹1,486.30 Cr |
| EPS | ₹17.88 | ₹16.50 |
Financial interpretation
What the reported numbers mean
Profit after tax represented 9.9% of reported quarterly operating revenue. This is a calculated net-profit-to-sales ratio, not a company-reported operating margin. It measures the outcome after expenses and tax; it does not, by itself, establish how margins changed versus another period.
Profit before tax was equivalent to 14.2% of quarterly operating revenue. The distinction between pre-tax and post-tax profit matters when interpreting earnings; neither ratio identifies an underlying cost driver without a properly matched comparative period.
Ratios above are calculated from the reported quarterly figures. They are analytical descriptions, not company-reported margin guidance or an investment recommendation.
03 · Why it moved
Why the quarter looked the way it did
What drove revenue
Consolidated revenue reached INR 16,180.20 crore in Q2 FY27, registering growth over the INR 15,711.90 crore posted in Q1 FY27.
Consolidated revenue reached INR 16,180.2 crore in Q2 FY27, growing by 2.98% over the INR 15,711.9 crore recorded in Q1 FY27.
Total income rose to INR 16,172.8 crore during the quarter, compared to INR 15,605.5 crore in the preceding quarter.
What drove margins
Tax expenses for the quarter were INR 686.40 crore, while finance costs stood at INR 83.60 crore, influencing overall net profitability alongside depreciation charges of INR 491.40 crore.
PAT margin expanded by approximately 49 basis points sequentially, moving from 9.46% in Q1 FY27 to 9.95% in Q2 FY27.
Finance costs decreased sequentially to INR 83.6 crore from INR 111.3 crore in the previous quarter.
04 · Reported developments
What changed operationally
Profit after tax increased by 8.30% quarter-on-quarter to INR 1,609.7 crore, supported by a 12.45% growth in PBT.
05 · Items worth noticing
The line items that can distort a quick read
Other income for the quarter stood at negative INR 7.40 crore, compared to negative INR 106.40 crore in the preceding quarter.
Other income for the quarter stood at negative INR 7.4 crore, compared to negative INR 106.4 crore in the preceding quarter.
The company reported provisions of INR 1,282.1 crore for the current quarter.
Tax expense for Q2 FY27 was recorded at INR 686.4 crore, compared to INR 555.6 crore in Q1 FY27.
06 · Beyond the numbers
What changed beyond the numbers
Reported update
Consolidated Financial Results Filing
The company submitted its statutory consolidated financial results for the quarter ended September 30, 2026, via official exchange XBRL filings.
07 · Previous-quarter changes
What changed since the previous quarter
Revenue moved from INR 15,711.90 crore in Q1 FY27 to INR 16,180.20 crore in Q2 FY27.
Revenue grew from INR 15,711.9 crore in Q1 FY27 to INR 16,180.2 crore in Q2 FY27, alongside an increase in PAT from INR 1,486.3 crore to INR 1,609.7 crore.
08 · Key Q&A
The quarter, answered directly
What does Tech Mahindra do?
Tech Mahindra Limited is a prominent global provider of digital transformation, consulting, and business re-engineering services and solutions. Operating on a consolidated scale, the company delivers specialized IT services, networking solutions, and digital platforms to an international client base spanning diverse industry verticals.
What is the clearest takeaway from Q2 FY27?
Tech Mahindra Limited registered a consolidated revenue of INR 16,180.20 crore for the quarter ended September 30, 2026, marking an increase compared to the previous quarter's revenue of INR 15,711.90 crore. Total income for Q2 FY27 stood at INR 16,172.80 crore, up from INR 15,605.50 crore in Q1 FY27.
What drove revenue or demand?
Consolidated revenue reached INR 16,180.20 crore in Q2 FY27, registering growth over the INR 15,711.90 crore posted in Q1 FY27.
What mattered most for margins or profitability?
Tax expenses for the quarter were INR 686.40 crore, while finance costs stood at INR 83.60 crore, influencing overall net profitability alongside depreciation charges of INR 491.40 crore.
What changed operationally beyond the headline numbers?
The company submitted its statutory consolidated financial results for the quarter ended September 30, 2026, via official exchange XBRL filings.
What should the next disclosure help confirm?
Monitor future quarterly filings for subsequent revenue trends and profitability metrics.
09 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
Starting point
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Reported values are prefilled where a comparable basis is available. Otherwise, the field starts at 0. You can overwrite every field.
Example: enter 10 for 10% revenue growth. Enter -100 for a 1 percentage-point margin decline.
Scenario output
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Growth needed to keep profit flat after this margin move0%
The calculator holds the selected margin basis constant except for the basis-point adjustment you enter. It does not estimate tax, finance cost, dilution, working capital, valuation or share price.
10 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Subsequent Financial Reporting: Monitor future quarterly filings for subsequent revenue trends and profitability metrics.
- 02
Subsequent Quarterly Performance: Monitor subsequent financial disclosures to evaluate revenue and margin trajectory across coming quarters.
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Use Nivata’s plain-English guides to understand the accounting terms used in this brief before interpreting them.