Tech Mahindra Q1 Financial Highlights

Tech Mahindra has announced a remarkable 33.9% year-on-year increase in consolidated net profit, reaching Rs 1,140.6 crore for the April–June quarter. This growth is attributed to strong deal momentum and consistent execution across various sectors.

Revenue Growth and Operational Performance

Revenue from operations saw a 2.65% rise to Rs 13,351.2 crore, up from Rs 13,005.5 crore in the same period last year. Despite a slight sequential dip in net profit and revenue, the company's strategic focus and disciplined execution are paying off.

Leadership and Future Outlook

"Our performance is steadily strengthening, reflecting disciplined execution and a focused strategy. Deal wins have increased by 44 per cent on a last twelve months (LTM) basis," said Mohit Joshi, CEO and Managing Director of Tech Mahindra.

Workforce and Market Response

The company's total headcount increased to 1,48,517 employees, with IT services attrition at 12.6%. Following the announcement, Tech Mahindra shares closed 1.94% higher at Rs 1,609 on the BSE.