Tech Mahindra Ltd. Q3 FY2026 results: revenue ₹14,393 crore, up 8.3% on the year
Tech Mahindra Ltd. (TECHM) reported consolidated revenue from operations of ₹14,393 crore for Q3 FY2026, the quarter ended 31 December 2025, up 8.3% on the same quarter a year earlier. Profit after tax was ₹1,119 crore, up 13.1% on the year, and earnings per share ₹12.66. The figures are the company's own, from the audited results it filed with NSE on 16 January 2026.
The quarter, against the one before and a year earlier
| Line | Q3 FY2026 | Q2 FY2026 | Q3 FY2025 | Change on the year |
|---|---|---|---|---|
| Revenue from operations | 14,393 | 13,995 | 13,286 | +8.3% |
| Other income | -22 | 40 | 16 | n/a |
| Total income | 14,372 | 14,035 | 13,302 | +8.0% |
| Cost of materials consumed | 0 | 0 | 0 | n/a |
| Purchases of stock-in-trade | 0 | 0 | 0 | n/a |
| Changes in inventories | 0 | 0 | 0 | n/a |
| Employee benefit expense | 7,564 | 7,629 | 7,425 | +1.9% |
| Finance costs | 94 | 77 | 76 | +23.3% |
| Depreciation, depletion and amortisation | 474 | 469 | 459 | +3.2% |
| Other expenses | 2,922 | 2,754 | 4,052 | -27.9% |
| Total expenses | 12,595 | 12,373 | 12,011 | +4.9% |
| Profit before exceptional items and tax | 1,777 | 1,662 | 1,291 | +37.6% |
| Exceptional items | -272 | -3 | 7 | n/a |
| Profit before tax | 1,504 | 1,659 | 1,297 | +15.9% |
| Current tax | 482 | 536 | 410 | +17.6% |
| Deferred tax | -96 | -78 | -101 | n/a |
| Total tax | 386 | 458 | 309 | +25.2% |
| Profit after tax | 1,119 | 1,202 | 989 | +13.1% |
| Attributable to owners of the parent | 199 | 1,194 | n/a | n/a |
| Other comprehensive income | 204 | -8 | -141 | n/a |
| Total comprehensive income | 1,322 | 1,194 | 847 | +56.1% |
| EPS, basic | ₹12.66 | ₹13.48 | ₹11.10 | +14.1% |
| EPS, diluted | ₹12.64 | ₹13.46 | ₹11.08 | +14.1% |
₹ crore except per share.
Segments, Q3 FY2026
| Segment | Revenue ₹ crore | Share of segment revenue | Result ₹ crore | Result over revenue |
|---|---|---|---|---|
| IT | 12,076 | 83.9% | 2,354 | 19.5% |
| BPS | 2,318 | 16.1% | 351 | 15.1% |
Segment revenue and segment result as the company filed them, before inter-segment eliminations; share and result over revenue are arithmetic on those.
Quarterly results, the last 12 quarters
| Q2 FY2024 | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | Q3 FY2026 | Q4 FY2026 | Q1 FY2027 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 12,864 | 13,101 | 12,871 | 13,005 | 13,313 | 13,286 | 13,384 | 13,351 | 13,995 | 14,393 | 15,076 | 15,712 |
| Expenses | 12,504 | 12,515 | 12,292 | 11,975 | 12,122 | 12,011 | 12,091 | 11,952 | 12,373 | 12,595 | 13,081 | 13,559 |
| Operating profit | 923 | 1,146 | 1,099 | 1,564 | 1,750 | 1,809 | 1,840 | 1,935 | 2,168 | 2,366 | 2,565 | 2,743 |
| OPM % | 7% | 9% | 9% | 12% | 13% | 14% | 14% | 14% | 15% | 16% | 17% | 17% |
| Other income | 264 | 88 | 374 | 145 | 522 | 16 | 173 | 218 | 40 | -22 | -205 | -106 |
| Interest | 98 | 116 | 58 | 72 | 89 | 76 | 85 | 78 | 77 | 94 | 89 | 111 |
| Depreciation | 466 | 443 | 461 | 462 | 470 | 459 | 462 | 458 | 469 | 474 | 481 | 479 |
| Exceptional items | -8 | 5 | 6 | 0 | 1 | 7 | -1 | 0 | -3 | -272 | 0 | 0 |
| Profit before tax | 615 | 679 | 959 | 1,175 | 1,713 | 1,297 | 1,464 | 1,618 | 1,659 | 1,504 | 1,791 | 2,046 |
| Tax % | 18% | 23% | 31% | 27% | 27% | 24% | 22% | 30% | 28% | 26% | 24% | 27% |
| Net profit | 505 | 524 | 664 | 865 | 1,257 | 989 | 1,142 | 1,129 | 1,202 | 1,119 | 1,356 | 1,486 |
| EPS in ₹ | ₹5.59 | ₹5.77 | ₹7.48 | ₹9.62 | ₹14.12 | ₹11.10 | ₹13.17 | ₹12.87 | ₹13.48 | ₹12.66 | ₹15.27 | ₹16.53 |
| Filing | NSE | NSE | NSE | NSE | NSE | NSE | Filing | Filing | Filing | Filing | Filing | Filing |
₹ crore except per share, consolidated, as filed with the exchange. Operating profit is sales less the expenses other than interest and depreciation, OPM is that over sales, and tax % is tax over profit before tax: arithmetic on the filed lines; everything else is as filed. Quarters before December 2024 are from the exchange's earlier results feed, which carries the filed lines without the filing itself; the column links to the exchange's page for the company.
Source
Audited consolidated results for the quarter ended 31 December 2025, filed with NSE on 16 January 2026: the result statement. All of Tech Mahindra Ltd.'s results: NSE company page.
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