Tech Mahindra Q1 YoY revenue up 6.1% to $1.6 billion

Tech Mahindra Q1 FY27 revenue reached $1.6 billion, up 6.1% year-on-year.

Revenue grew 2.2% sequentially and 6.6% year-on-year in constant currency.

EBIT margin expanded to 14.4%, up 60 bps sequentially and 330 bps year-on-year.

Net profit rose 16.2% year-on-year to $154 million.

Tech Mahindra expanded AI capabilities through partnerships with Perplexity, Microsoft, and Cisco, and launched the Agentic Development & Modernization Services portfolio.