Tech Mahindra Q2 FY27 consolidated revenue Rs 16,180.20 cr, PAT Rs 1,609.70 cr
For Q2 FY27, Tech Mahindra’s consolidated revenue from operations rose to Rs 16,180.20 cr and PAT to Rs 1,609.70 cr versus Rs 13,994.90 cr and Rs 1,201.70 cr a year earlier.
Key takeaways
- Revenue from operations was Rs 16,180.20 cr vs Rs 13,994.90 cr a year earlier.
- Profit before tax was Rs 2,296.10 cr vs Rs 1,659.30 cr in the year-ago quarter.
- Profit after tax was Rs 1,609.70 cr vs Rs 1,201.70 cr in the corresponding quarter.
- Basic EPS stood at Rs 17.88 vs Rs 13.48 in the same quarter last year.
- Total comprehensive income was Rs 1,843.90 cr vs Rs 1,194.10 cr a year earlier.
Q2 FY27 · consolidated
| Metric | Sep 2026 | Sep 2025 | Change |
|---|---|---|---|
| Revenue | Rs 16,180.20 cr | Rs 13,994.90 cr | +15.6% |
| PAT | Rs 1,609.70 cr | Rs 1,201.70 cr | +34.0% |
As reported in the filing. Figures are transcribed, not computed.
What the numbers show
- Net margin was 9.95% of revenue, up 136 bps from 8.59%.
- Revenue rose 15.6% while total expenses rose 12.2%.
• Basis and period: Consolidated statement of financial results for the quarter ended September 30, 2026 (Q2 FY27), compared with the quarter ended September 30, 2025, as per the audited consolidated interim financial results table.
• Revenue from operations: Rs 16,180.20 cr (Q2 FY27) vs Rs 13,994.90 cr (Q2 FY26), from line “Revenue from Operations”.
• Other income: Rs (7.40) cr (Q2 FY27) vs Rs 40.00 cr (Q2 FY26), from line “Other Income*”.
• Total income: Rs 16,172.80 cr (Q2 FY27) vs Rs 14,034.90 cr (Q2 FY26), from line “Total Income (1 + 2)”.
• Employee benefits expense: Rs 8,232.10 cr (Q2 FY27) vs Rs 7,629.10 cr (Q2 FY26), from line “Employee Benefits Expense”.
• Subcontracting expense: Rs 1,847.70 cr (Q2 FY27) vs Rs 1,443.60 cr (Q2 FY26), from line “Subcontracting Expense”.
• Finance costs: Rs 83.60 cr (Q2 FY27) vs Rs 77.20 cr (Q2 FY26), from line “Finance Costs”.
• Depreciation and amortisation expense: Rs 491.40 cr (Q2 FY27) vs Rs 468.70 cr (Q2 FY26), from line “Depreciation and Amortisation Expense”.
• Other expenses: Rs 3,221.90 cr (Q2 FY27) vs Rs 2,754.20 cr (Q2 FY26), from line “Other Expenses”.
• Total expenses: Rs 13,876.70 cr (Q2 FY27) vs Rs 12,372.80 cr (Q2 FY26), from line “Total Expenses”.
• Profit before share in profit/(loss) of associates/joint ventures, exceptional items and tax: Rs 2,296.10 cr (Q2 FY27) vs Rs 1,662.10 cr (Q2 FY26), from line “Profit before share in profit/(loss) of associates/ joint ventures, exceptional items and tax (3-4)”.
• Share in profit / (loss) of associates / joint ventures: Rs - million (Q2 FY27) vs Rs (2.80) cr (Q2 FY26), from line “Share in Profit / (Loss) of Associates / Joint Ventures”.
• Profit before exceptional item and tax: Rs 2,296.10 cr (Q2 FY27) vs Rs 1,659.30 cr (Q2 FY26), from line “Profit before Exceptional Item and Tax (5 + 6)”.
• Exceptional item: Rs - (Q2 FY27) vs Rs - (Q2 FY26), from line “Exceptional Item (Refer Note 7)”.
• Profit before tax: Rs 2,296.10 cr (Q2 FY27) vs Rs 1,659.30 cr (Q2 FY26), from line “Profit before Tax (7 - 8)”.
• Current tax: Rs 572.30 cr (Q2 FY27) vs Rs 535.60 cr (Q2 FY26), from line “Current Tax”.
• Deferred tax: Rs 114.10 cr (Q2 FY27) vs Rs (78.00) cr (Q2 FY26), from line “Deferred Tax”.
• Total tax expense: Rs 686.40 cr (Q2 FY27) vs Rs 457.60 cr (Q2 FY26), from line “Total Tax Expense”.
• Profit after tax: Rs 1,609.70 cr (Q2 FY27) vs Rs 1,201.70 cr (Q2 FY26), from line “Profit after tax (9 - 10)”.
• Profit for the period attributable to owners of the company: Rs 1,585.60 cr (Q2 FY27) vs Rs 1,194.50 cr (Q2 FY26), from the sub-line “Owners of the Company”.
• Profit for the period attributable to non-controlling interests: Rs 24.10 cr (Q2 FY27) vs Rs 7.20 cr (Q2 FY26), from the sub-line “Non Controlling Interests”.
• Total other comprehensive income / (loss): Rs 234.20 cr (Q2 FY27) vs Rs (7.60) cr (Q2 FY26), from line “Total Other Comprehensive Income/ (Loss) (A+B)”.
• Total comprehensive income: Rs 1,843.90 cr (Q2 FY27) vs Rs 1,194.10 cr (Q2 FY26), from line “Total Comprehensive Income (11 + 12)”.
• Total comprehensive income attributable to owners of the company: Rs 1,817.80 cr (Q2 FY27) vs Rs 1,181.50 cr (Q2 FY26), from the sub-line “Owners of the Company”.
• Total comprehensive income attributable to non-controlling interests: Rs 26.10 cr (Q2 FY27) vs Rs 12.60 cr (Q2 FY26), from the sub-line “Non Controlling Interests”.
• Paid-up equity share capital (face value Rs 5): Rs 443.00 cr (Q2 FY27) vs Rs 442.70 cr (Q2 FY26), from line “Paid-up Equity Share Capital (Face Value of Share Rs. 5)”.
• Earnings per equity share – Basic: Rs 17.88 (Q2 FY27) vs Rs 13.48 (Q2 FY26), from line “- Basic”.
• Earnings per equity share – Diluted: Rs 17.84 (Q2 FY27) vs Rs 13.46 (Q2 FY26), from line “- Diluted”.
In summary, according to the statement of financial results, consolidated revenue from operations and total income increased year-on-year in Q2 FY27, while total expenses also rose. Profit before tax and profit after tax were higher than in the corresponding quarter of the previous year, and earnings per share (both basic and diluted) were above the year-ago levels. Other comprehensive income swung from a small loss to a gain, lifting total comprehensive income compared with the same quarter a year earlier.
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