Tech Mahindra Q1 FY27: Margins build, deal wins stay above $1 billion
Ask Iris
Frequently Asked Questions
Revenue was INR 15,712 crore (USD 1,660 million). EBIT margin was 14.4% and PAT was INR 1,465 crore (owners’ PAT in statutory results: INR 1,465.1 crore).
New deal wins TCV was USD 1,078 million, reported as up 33.3% year-on-year.
From audited consolidated segment revenue, IT Services revenue was INR 13,245 crore and BPS revenue was INR 2,466.9 crore for Q1 FY27.
The earnings presentation reported mix as Americas 48.6%, Europe 27.5%, and Rest of World 23.9%.
Management reiterated an ambition of a 15% operating margin for FY27 and indicated quarterly progression should move above 15% by Q4 to achieve the full-year goal.
The company highlighted TechM Helix as its enterprise-wide AI response, the launch of Agentic Development and Modernization Services, and the Orion agentic AI platform ecosystem.
Auditors included an Emphasis of Matter related to claims of alleged advances of INR 12,304 million linked to erstwhile Satyam, presented under Suspense Account (net), pending legal adjudication.
Did your stocks survive the war?
See what broke. See what stood.
Live Q1 Earnings Tracker