Tech Mahindra’s net profit increased by 31.6 per cent to ₹1,486 crore on an annual basis in the June-ending quarter, owing to improved IT and BPS segments and a 17.6 per cent increase in revenue to ₹15,711 crore.Its EBITDA for the quarter rose 8.6 per cent sequentially and 53.5 per cent year-on-year basis to ₹2,264 crore. EBIT margins improved by 60 basis points (bps) sequentially to 14.4 per cent.Sequentially, the company reported a 9.5 per cent growth in net profit and 4.2 per cent increase in revenue.“We delivered a strong Q1 performance with broad-based growth, margin expansion, and disciplined working capital management, reflecting consistent execution and sustained business momentum,” said Rohit Anand, Chief Financial Officer, Tech Mahindra.TCV wins and clientsNew deal wins stood at $1.1 billion, up 33.3 per cent year-on-year (y-o-y) basis but flat sequentially. In terms of client portfolio, Tech Mahindra added three new clients in the $10 million category and four new clients in the $50 million plus client buckets.Vertical performanceThe communications segment accounted for the largest share of revenue at 32.3 per cent, and grew 1.3 per cent y-o-y but declined by 1.3 per cent sequentially. Manufacturing and BFSI, retail logistics and healthcare reported growth both on sequential and annual basis. The technology, media and entertainment segment declined on a quarterly basis but increased 3.4 per cent y-o-y.Market performanceEurope grew 8.1 per cent while Americas remained largely flat, declining marginally by 0.1 per cent decline on a sequential basis. On an annual basis, the Americas grew 4.8 per cent, while Europe increased 12.1 per cent. The rest of the world grew by 2.5 per cent.Q4 headcountThe company reported an IT headcount of 74,689 employees, down by 688 employees sequentially. Its IT last-twelve-month (LTM) attrition is at 11.8 per cent.Published on July 16, 2026