TechM reports 28% profit rise in Q1, says deal momentum remains strong as margins improve
IT services major Tech Mahindra on Thursday reported a 28% year-on-year increase in consolidated net profit to Rs 1,465 crore in Q1 of FY27 on strong deal momentum.
The Pune-headquartered IT services firm posted a 17.7% year-on-year increase in its consolidated revenue to Rs 15,712 crore in the quarter, while sequentially it increased 4.2%.
EBIT margin expanded to 14.4% during the quarter, up around 330 basis points year-on-year and about 60 basis points sequentially.
