Tech Mahindra Q2 FY27: EBIT up 40.5% YoY to ₹2,387 crores, deal wins USD 1,023 Mn, 1:1 bonus recommended
Q2 FY27 revenue ₹16,180 crores, up 15.6% YoY; EBIT up 40.5% to ₹2,387 crores; margin 14.8%; deal wins $1,023 mn.
By ScoutQuest · · 1 min read
- Q2 FY27 Revenue
- ₹16,180 crores, up 15.6% YoY ($1,693 mn, up 7.2% YoY in constant currency)
- EBIT and Margin
- EBIT up 40.5% YoY to ₹2,387 crores; EBIT margin 14.8%, up ~260 bps YoY
- Deal Wins TCV
- $1,023 mn, up 25.4% YoY; LTM deal wins $4,270 Mn, up 34.8%
- Period
- Q2 FY27
- Positioning
- Tech Mahindra describes itself as a leading global provider of AI-powered technology consulting and digital solutions to global enterprises across industries.
💰 Q2 FY27 revenue was ₹ 16,180 crores, up 15.6% YoY ($1,693 mn, up 7.2% YoY in constant currency). EBIT rose 40.5% YoY to ₹ 2,387 crores and PAT 32.7% to ₹ 1,586 crores; EBIT margin reached 14.8%, up ~260 bps YoY, and ROCE 31.2%.
🌍 Deal wins were $1,023 mn TCV, up 25.4% YoY, with LTM deal wins at $ 4,270 Mn, up 34.8%. The CEO says deal wins have exceeded $1 billion in each of the last four quarters. $50 mn+ clients rose to 33. Communications is the largest vertical at 33.5% of revenue; Europe grew 16.2% YoY.
🏭 The CFO states margins have expanded for the twelfth consecutive quarter and that the company continues to invest in AI to improve productivity, drive innovation and build future capabilities. The presentation lists partnerships with SpaceXAI, Google Cloud, ServiceNow, Cisco, Uniphore, Wandelbots and Rezolve AI.
💰 The Board recommended a 1:1 bonus issue marking the 40-year milestone and declared an interim dividend of ₹ 15 per share. Free cash flow was $135 mn (81% of PAT); IT utilisation rose to 88.9% and LTM IT attrition was 11.7%.
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More numbers
- Revenue, Q2 FY27₹ 16,180 crores
- EBIT, Q2 FY27₹ 2,387 crores
- PAT, Q2 FY27₹ 1,586 crores
- Revenue growth YoY, Q2 FY2715.6%
- EBIT margin, Q2 FY2714.8%
- Interim dividend per share₹ 15
- Diluted EPS, Q2 FY27₹ 17.84
- Cash and cash equivalent, end Q2 FY27₹ 7,330 crores
- Total headcount152,206
- Constant currency revenue growth YoY7.2%
- ROCE, Q2 FY2731.2%
- IT utilization, Q2 FY2788.9%
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