Politics · India Bureau
Tech Mahindra Q2 profit surges 32.7% on strong revenue growth
Tech Mahindra posted a 32.7% year-on-year increase in net profit to ₹1,586 crore for the second quarter, driven by 15.6% revenue growth. The IT services firm benefited from robust performance in its manufacturing and communications segments.
LSN India ·
The Pune-based IT services company reported consolidated revenues of ₹12,893 crore for the quarter ended September 30, reflecting solid expansion across key verticals. The profit surge underscores Tech Mahindra's ability to capitalize on growing demand for digital transformation services across its client base in India and global markets.
Manufacturing and communications segments emerged as key growth drivers for the company during the quarter. These verticals demonstrated resilience amid global economic uncertainties and changing client priorities in the technology sector.
Tech Mahindra's deal wins during the period exceeded $1 billion, signaling strong pipeline momentum and client confidence in the company's service offerings. The large deal closures reflect the firm's competitive positioning in enterprise digital services and its ability to win significant multi-year mandates.
The results demonstrate Tech Mahindra's recovery trajectory and operational efficiency gains in recent quarters. Analysts attribute the performance to disciplined cost management and strategic focus on high-margin service offerings and emerging technology domains.