Tech Mahindra signals an IT revival. These 2 rivals trade at up to a 52% discount

Investors have been keenly awaiting the September 2026 quarter results of leading IT services companies, in a bid to understand the strength of the recovery.

Tech Mahindra reported its results on Thursday evening with a 2.4% quarter-on-quarter growth on a constant currency basis in consolidated revenues to Rs 16,180 crore in the second quarter of FY27.

The company’s growth in revenues in constant currency terms has been better than the largest IT software services exporter, which declared its results last week, along with similar sized peers (view table below).