Earnings call · Jul–Sep 2026
Tech Mahindra Limited
Tech Mahindra posted Jul–Sep 2026 revenue of US$1.693 billion (6.8% from a year earlier reported, 7.2% constant currency) with operating margin at 14.8%, up 40 bps (basis points: 100 of them make 1%) from the previous quarter. The company is scaling AI delivery through Project Helix with large deal wins of US$1.023 billion & expects to maintain 15% EBIT (operating profit before interest & tax) margin for full year.
The full notes: the guidance, numbers & KPIs, strategy, outlook, risks, what analysts asked.
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From the company
- Mohit JoshiChief Executive Officer and Managing Director
- Atul SonejaChief Operating Officer
- Rohit AnandChief Financial Officer
Questions came from
- Kumar RakeshBNP Paribas
- Sudheer GuntupalliKotak Mahindra AMC
- Abhishek PathakMotilal Oswal Financial Services
- Rod BDeepDive Equity Research
- Gaurav RateriaMorgan Stanley
- Sandeep ShahEquirus Securities
Topics in this call
Opening remarks
Mohit JoshiChief Executive Officer and Managing Director
Thank you, and thank you all for joining us, and welcome to our Q2 FY27 earnings call. I just wanted to begin by highlighting a significant milestone in Tech Mahindra's journey as we celebrate our 40th anniversary this quarter, a very proud moment for associates, customers, shareholders, and partners.
Over four decades, we have built deep client relationships, developed expertise across industries, and adapted through successive waves of technology change. From our roots in telecommunications, we have grown into a global technology company offering AI-powered technology consulting and digital solutions to global enterprises across industries.
Read the whole call: 180 paragraphs, 6 analysts' questions with every answer, 8 marked passages.
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The transcript as the company filed it on BSE. Our own rules split it into speakers & sections; an unusual layout can trip them, so check the original PDF for anything important. Not a recommendation.