Tech Mahindra Ltd.10th Straight Quarter of Margin Gains

Tech Mahindra delivered its tenth consecutive quarter of margin expansion, with Q4 FY26 EBIT margin reaching 13.8%, up 70 basis points quarter-on-quarter.

The company reported quarterly revenue of USD 1,625 million, growing 0.9% sequentially and 4.9% year-over-year on a reported basis. Full-year FY26 revenue stood at USD 6.385 billion, up 1.9% year-over-year, while EBIT margin expanded a record 290 basis points to 12.6%. Management proudly announced achieving the highest Net Promoter Score in the industry and record deal wins of USD 3.79 billion, representing 42% year-over-year growth.

The Manufacturing vertical led performance with 11.8% year-over-year growth in Q4, while BFSI contributed 8% sequential growth. Management reaffirmed ambitious FY27 targets including 15% EBIT margin, 30% return on capital employed, and above-peer organic revenue growth. The company entered a strategic five-year partnership with Orange Business focused on AI-driven digital transformation. With 80% of employees AI-trained and 95% of top-tier accounts deploying GenAI solutions, Tech Mahindra positions itself to capitalize on modernization opportunities despite macro uncertainties.