Tech Mahindra has reported a solid financial performance for FY26, posting higher profitability, stronger margins, and its highest deal wins in five years. According to the company’s audited results, full‑year revenue reached USD 6,385 million, up 1.9% year‑on‑year, while EBIT rose to USD 797 million, marking a 31.4% increase from the previous year. Profit After Tax for the year stood at USD 537 million, up 7% YoY, supported by improved operational discipline and stronger deal momentum.
For the fourth quarter, Tech Mahindra reported USD 1,625 million in revenue, reflecting 0.9% sequential growth and a 4.9% increase year‑on‑year. Quarterly EBIT rose to USD 223 million, up 5.5% QoQ and 36.3% YoY, with margins improving to 13.8%, an expansion of roughly 70 basis points over the previous quarter. The company also delivered USD 145 million in quarterly PAT, up 6.7% YoY.
Deal activity remained a standout highlight. Tech Mahindra closed FY26 with USD 3.79 billion in total contract value, a 41.6% YoY increase and the highest in five years. Q4 contributed USD 1.07 billion in new deal wins, marking the second consecutive quarter above the USD 1‑billion mark.
CEO Mohit Joshi said the company is accelerating its transition to an AI‑led organization, embedding AI across services and operating models. He noted that the strong deal pipeline reflects growing client confidence in Tech Mahindra’s transformation capabilities. CFO Rohit Anand highlighted that FY26 marked the end of the company’s stabilization phase, with margins expanding for the tenth straight quarter.
The year also saw major AI‑led wins across telecom, automotive, banking, energy, and public health sectors, alongside new partnerships with Microsoft, NVIDIA, Fortinet, FICO, and Rubrik, reinforcing Tech Mahindra’s focus on AI, cloud modernization, and digital resilience.
