Tech Mahindra quarterly results and financials

Tech Mahindra (TECHM)₹1,805−1.36%(9 Nov 2026 close)Computers - Software & Consulting

Key facts

In the Sep 2026 quarter (consolidated), Tech Mahindra reported sales of ₹16,139 Cr, up 15.6% from Sep 2025, and net profit of ₹1,607 Cr, up 34.0% year on year. For the year to Mar 2026, sales were ₹56,641 Cr and net profit ₹4,794 Cr.

Sales (Sep 2026): ₹16,139 Cr
Net profit (Sep 2026): ₹1,607 Cr
Sales (FY Mar 2026): ₹56,641 Cr
Net profit (FY Mar 2026): ₹4,794 Cr
EPS (Sep 2026): ₹16.17
Borrowings (Mar 2026): ₹2,183 Cr

Company filings, consolidated accounts; latest reported quarter Sep 2026

Tech Mahindra quarterly results

₹ crore unless stated; each column is a quarter.

Tech Mahindra Quarterly results
	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Sales	13,060	12,834	12,961	13,272	13,245	13,340	13,315	13,962	14,355	15,030	15,671	16,139
Expenses	11,983	11,796	11,480	11,599	11,511	11,573	11,454	11,870	12,064	12,542	13,009	13,334
Operating Profit	1,147	1,100	1,566	1,750	1,809	1,839	1,936	2,167	2,366	2,567	2,738	2,880
OPM %	9.0%	9.0%	12.0%	13.0%	14.0%	14.0%	14.0%	15.0%	16.0%	17.0%	17.0%	18.0%
Other Income	92.13	380	147	522	23.01	173	219	40.04	−293	−205	−106	−7.01
Interest	116	58.18	72.16	89.21	76.20	85.20	78.23	77.20	94.28	89.25	111	84.26
Depreciation	444	462	463	471	460	463	459	470	475	482	480	492
Profit before tax	678	957	1,175	1,712	1,295	1,461	1,616	1,656	1,503	1,786	2,037	2,292
Tax %	23.1%	31.1%	27.1%	27.1%	24.1%	22.1%	30.1%	28.1%	26.1%	24.1%	27.0%	30.1%
Exceptional items	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	−186	0.00	0.00	0.00
Net Profit	522	662	863	1,254	986	1,138	1,127	1,199	1,116	1,353	1,482	1,607
EPS (Rs)	5.22	6.78	8.72	12.77	10.04	11.93	11.64	12.18	11.44	13.80	14.93	16.17

Tech Mahindra profit and loss

₹ crore unless stated; years end in March. TTM is the last four quarters.

Tech Mahindra Profit and loss
	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	26,436	29,041	30,664	34,635	36,746	37,764	44,509	53,147	51,846	52,813	56,641	61,196
Expenses	22,313	25,047	26,134	28,541	31,451	31,140	36,758	45,625	47,586	46,134	47,900	50,949
Operating Profit	4,264	4,187	4,715	6,275	5,510	6,804	8,028	7,765	4,510	6,964	9,041	10,551
OPM %	16.0%	14.0%	15.0%	18.0%	15.0%	18.0%	18.0%	15.0%	9.0%	13.0%	16.0%	17.2%
Other Income	453	776	1,419	535	1,193	788	1,116	966	927	865	−240	−611
Interest	97.28	129	163	133	192	175	163	327	393	323	338	379
Depreciation	760	980	1,088	1,131	1,448	1,461	1,524	1,960	1,822	1,857	1,887	1,929
Profit before tax	3,851	3,845	4,868	5,533	5,048	5,937	7,441	6,436	3,217	5,643	6,556	7,619
Tax %	22.1%	26.1%	22.1%	23.1%	23.1%	27.1%	24.1%	25.1%	26.1%	25.1%	27.1%	—
Exceptional items	10.03	13.04	158	12.04	6.02	1.01	5.02	3.01	2.01	608	−185	−186
Net Profit	3,020	2,842	3,776	4,277	3,890	4,342	5,619	4,841	2,390	4,240	4,794	5,558
EPS (Rs)	30.91	28.85	38.79	43.65	41.77	45.72	57.28	49.55	24.15	43.44	49.04	56.34
Dividend payout %	35.1%	28.1%	33.1%	29.1%	32.1%	89.1%	47.1%	91.1%	150.1%	94.1%	94.1%	—

Tech Mahindra balance sheet

₹ crore, at each year end.

Tech Mahindra Balance sheet
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	480	435	438	442	444	435	437	438	439	441	441	442
Reserves	11,771	14,145	15,995	18,400	19,852	21,372	24,462	26,448	27,473	26,218	26,895	29,155
Borrowings	700	1,090	1,365	2,395	1,997	3,667	2,902	2,616	2,738	2,535	2,021	2,183
Other Liabilities	6,866	6,810	8,214	9,148	11,112	11,777	11,779	14,839	15,089	13,876	14,809	17,283
Total Liabilities	19,817	22,480	26,012	30,383	33,404	37,253	39,580	44,342	45,740	43,070	44,167	49,063
Fixed Assets	4,030	4,311	6,458	7,625	7,065	8,871	9,024	14,792	14,942	13,901	13,973	14,874
CWIP	568	629	372	240	276	49.98	118	165	120	133	20.97	26.98
Investments	2,111	1,301	2,405	4,855	7,364	5,873	10,273	4,902	3,401	3,252	3,195	3,437
Other Assets	13,110	16,239	16,776	17,663	18,699	22,460	20,165	24,484	27,277	25,785	26,978	30,726
Inventories	23.99	39.99	61.04	66.05	74.99	36.01	24.02	40.01	24.01	38.01	39.01	104
Trade receivables	5,216	5,775	5,349	6,502	6,969	7,590	6,483	11,958	12,909	11,422	11,571	13,368
Cash & equivalents	2,408	4,024	3,224	3,048	2,364	3,152	2,841	3,979	4,261	4,743	4,548	5,115
Total Assets	19,817	22,480	26,012	30,383	33,404	37,253	39,580	44,342	45,740	43,070	44,167	49,063

Tech Mahindra cash flow

₹ crore, for each year.

Tech Mahindra Cash flow
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from operating activity	2,448	3,140	4,072	3,553	4,435	4,359	8,100	5,288	5,577	6,374	5,790	6,174
Cash from investing activity	−1,867	−1,454	−2,898	−3,325	−2,108	1,083	−5,444	481	−226	−1,319	−15.01	−314
Cash from financing activity	−830	−496	−1,570	−269	−2,250	−4,470	−2,988	−4,665	−5,080	−4,769	−5,796	−5,132
Net cash flow	−247	1,192	−393	−35.13	77.25	976	−327	1,102	268	292	−29.08	731
Capex	1,127	922	771	1,021	808	848	668	962	1,019	794	597	699
Free cash flow	1,339	2,273	3,319	2,773	3,667	3,541	7,545	4,464	4,616	5,656	5,318	5,642
CFO / OP %	84.0%	105.0%	123.0%	108.0%	97.0%	107.0%	140.0%	95.0%	97.0%	169.0%	104.0%	87.0%

Tech Mahindra ratios

Working-capital days and returns, by year.

Tech Mahindra Ratios
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor days	84	80	67	77	73	75	62	98	88	80	80	86
Cash conversion cycle	84	80	67	77	73	75	62	98	88	80	80	86
Working capital days	55	59	58	43	25	36	25	30	29	24	26	31
ROCE %	32.0%	27.1%	23.0%	24.0%	25.1%	22.1%	23.1%	26.1%	22.0%	12.0%	19.0%	23.0%

Tech Mahindra: frequently asked questions

What are the latest quarterly results of Tech Mahindra?

For the Sep 2026 quarter, Tech Mahindra reported sales of ₹16,139 Cr, up 15.6% year on year and net profit of ₹1,607 Cr, up 34.0% year on year. The operating margin was 18.0%.

What is the annual revenue of Tech Mahindra?

Tech Mahindra's sales for the year to Mar 2026 were ₹56,641 Cr; over the last twelve months they were ₹61,196 Cr.

What is the net profit of Tech Mahindra?

Net profit for the year to Mar 2026 was ₹4,794 Cr, and ₹5,558 Cr over the last twelve months. Earnings per share over the same trailing period were ₹56.34.

How much debt does Tech Mahindra have?

Tech Mahindra reported borrowings of ₹2,183 Cr at Mar 2026, against cash and equivalents of ₹5,115 Cr.

What is the free cash flow of Tech Mahindra?

Cash from operations was ₹6,174 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹5,642 Cr.

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