| Revenue growth | Improved to 2.4% CC in Q4 FY26; 340 bps YoY improvement. |
|---|---|
| Margins | Targeting 15% EBIT margin in FY27, up from 12.6% in FY26. |
| Order book | $3.8Bn large deal wins (LTM) as of Q4 FY26. |
| Demand visibility | Strong cohort of new Forbes Global 2000 logos. |
| Management confidence | Confident in transformation progress despite macroeconomic challenges. |
Growth
FY26 exit EBIT reached 13.8%. Net new deals achieved $3.8Bn (+41.6% YoY) with revenue growth improving to 2.4% CC in Q4 FY26.
Outlook
FY27 targets: 15% EBIT margin, >30% ROCE, revenue growth exceeding peer average, and capital returns >85% of FCF.
Risks
Challenges include macroeconomic headwinds, regulatory changes like H-1B, cybersecurity risks, and the transition from chatbots to agentic AI.
Earnings Call filed with NSE, NSE: TECHM. Summary written with AI assistance from the document.
Tech Mahindra Ltd: key numbers
- Share price
- ₹1,542.20
- Market cap
- ₹1,51,160 Cr
- Revenue (annual)
- ₹56,815 Cr
- Net profit (annual)
- ₹4,811 Cr
- P/E (TTM)
- 29.4×Sector 21.9×
- Promoter holding
- 34.97%+0.00% QoQ
- FII holding
- 18.66%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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