Tech Mahindra Q1 results: Profit rises 34% YoY to ₹1,141 cr; revenue up 2.7%

Tech Mahindra released its June quarter results on Wednesday, posting double-digit growth in its profit, supported by broad-based momentum across verticals and geographies. Ahead of the Q1 results, shares of Tech Mahindra ended the day’s trade at ₹1,609 apiece, up 1.94%, with a market capitalisation of ₹1.57 lakh crore.

The IT major posted a consolidated profit of ₹1,141 crore for the first quarter ended June 30, 2025, growing by 34% on a year-on-year (YoY) basis. In dollar terms, the profit after tax (PAT) stood at $133 million, up 30.2% YoY.

Revenue, however, grew marginally by 2.7% YoY to ₹13,351 crore, Tech Mahindra said in an exchange filing. Dollar revenue inched up by 0.4% to $1,564 million compared to the same period last year.

“Our performance is steadily strengthening, reflecting disciplined execution and a focused strategy. Deal wins have increased by 44% on a last twelve months (LTM) basis, supported by broad-based momentum across verticals and geographies,” said Mohit Joshi, CEO and Managing Director, Tech Mahindra.

On the operating front, EBIT stood at ₹1,477 crore, up 34.0% YoY. In dollar terms, EBIT was $172 million, up 30.2% YoY, while the margin improved by 260 basis points to 11.1%.

“We have delivered seven consecutive quarters of margin expansion—a clear reflection of the discipline and focus across our organisation. Even in an uncertain environment, our Project Fortius program continues to generate meaningful results and drive operational improvements,” said Rohit Anand, Chief Financial Officer, Tech Mahindra.

As of June 30, 2025, total headcount stood at 148,517, up by 897 on an annual basis.