Tech Mahindra lifts quarterly profit and nears its margin target
Tech Mahindra's consolidated net profit rose 8.2% quarter on quarter in the September quarter. The board approved an interim dividend and a 1:1 bonus issue, CNBC-TV18 reports.
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what happened
According to CNBC-TV18, Tech Mahindra's consolidated net profit climbed 8.2% from the previous quarter to 1,586 crore rupees, up from 1,465 crore. The CNBC-TV18 poll had expected 1,576 crore.
Dollar revenue grew 2% sequentially to $1,693 million. EBIT rose 5.4% quarter on quarter and 40.5% year on year to 2,387 crore rupees, and the EBIT margin widened to 14.8% from 14.4%, moving closer to the 15% goal for the end of FY27. Support came from the continued ramp-up of the large Orange telecom deal and the consolidation of Avant Techno Solutions, which contributed about two months of revenue. Growth was partly offset by the fading of a one-time manufacturing benefit in the June quarter.
why it matters
For investors, the key items are margin progress and shareholder payouts. The company declared an interim dividend of 15 rupees per share and approved a 1:1 bonus issue, both subject to shareholder and other approvals. Shares closed 4.75% higher at 1,650 rupees ahead of the results and are up more than 13% over the past 12 months.
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sources
- Tech Mahindra Q2 Results: Margin moves closer to 15% target; Board approves bonus, dividend — cnbctv18.com, 15 October 2026 at 11:46 UTC
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