Tech Mahindra Q1 Results: Net Profit Jumps 34% YoY To Rs 1,141 Crore, Revenue Up 2.65%
Last Updated:July 16, 2025, 17:06 IST
Tech Mahindra Q1 Results: Its revenue from operations in April-June 2025 increases by 2.65 per cent to Rs 13,351.2 crore, compared with Rs 13,005.5 crore.
Tech Mahindra has announced its Q1 earnings today.
IT major Tech Mahindra on Wednesday reported a 33.95 per cent year-on-year jump in its consolidated net profit to Rs 1,140.6 crore for the first quarter ended June 2025. Its revenue from operations in April-June 2025 increased by 2.65 per cent to Rs 13,351.2 crore, compared with Rs 13,005.5 crore.
Its net profit had stood at Rs 851.5 crore in the corresponding period last year, according to a regulatory filing.
Seen sequentially, net profit was 2.2 per cent lower, while revenues saw a marginal decline of 0.2 per cent.
“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, supported by broad-based momentum across verticals and geographies,” Mohit Joshi, CEO and Managing Director of Tech Mahindra, said.
The company’s total headcount stood at 148,517 as of June 30, 2025, an increase of 897 employees year-on-year. The LTM (last twelve months) IT services attrition was at 12.6 per cent.
Ahead of the Q1 FY26 results, shares of Tech Mahindra jumped by 1.83 per cent to close at Rs 1,607.90 apiece on the NSE.
Tech Mahindra’s revenue from the Americas market, which accounts for nearly half of its overall topline, fell 5.9% compared to last year.
Uncertainty around US tariffs have quashed IT companies’ hopes of a revival in client confidence and spending in its biggest market. A survey in May showed two in five tech executives had deferred discretionary projects.
The company’s net new bookings rose to $809 million in the quarter from $798 million in the previous quarter and $534 million in the year-ago period.
Its net profit rose 34% in three-month period to 11.41 billion rupees, mainly on account of better operating margins, but missed estimates of 11.72 billion rupees, as per data compiled by LSEG.
Last week, bellwether Tata Consultancy Services missed revenue estimates and flagged delays in decision making and project kick-offs.
Peers Wipro and LTIMindtree report later this week.
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h…Read More
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h… Read More
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