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Tech Mahindra Q1 FY26 Earnings: Pune-headquartered Tech Mahindra on Wednesday reported a net profit of Rs 1,141 crore for the quarter ended June 30, a 2.2 per cent decline sequentially. The IT major's quarterly net profit misses analysts' estimates.
Its revenue came in at Rs 13,351 crore, marking a 0.2 per cent decline from the March quarter, according to a regulatory filing.
The top-line also fell short of analysts' expectations.
According to Zee Business research, Tech Mahindra was estimated to register a net profit of Rs 1,218 crore with revenue of Rs 13,394 crore for the first quarter of the current financial year.
Tech Mahindra Q1 Results | How the IT major performed operationally
The company registered Rs 1,477 crore in quarterly earnings before interest and taxes (EBIT) for the April-June period, as against Rs 1,378 crore for the previous three months.
Its margin--a key measure of profitability--came in at 11.1 per cent, marking an improvement of 70 basis points (bps) on a quarter-on-quarter basis.
Tech Mahindra shares
Tech Mahindra shares--traded with the symbol TECHM on stock exchanges BSE and NSE--rose 1.9 per cent to settle at Rs 1,609 apiece on BSE earlier in the day.
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