Tech Mahindra, a provider of technology consulting and digital solutions, posted a 34% increase in Q1 net profit to ₹1,141 crore from the year-earlier period.
Revenue grew 2.7% year-on-year to ₹13,351.20 crore. The company bagged new deals worth $809 million in the quarter, a 51% rise year on 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 MD and CEO Mohit Joshi.
Tech Mahindra has delivered seven consecutive quarters of margin expansion, a clear reflection of the discipline and focus across our organisation, said Chief Financial Officer Rohit Anand. “Even in an uncertain environment, our Project Fortius program continues to generate meaningful results and drive operational improvements,” he added.
In Q1, Tech Mahindra reported a total headcount at 1,48,517, a net addition of 897. It also reported an LTM attrition of 12.6%. The company also said its cash and cash equivalent at the end of the quarter was ₹8,072 crore.
Published – July 16, 2025 08:28 pm IST
