TM

Tech Mahindra

Q1 FY27IT - Software

Tech Mahindra Q1 FY27 earnings call: Revenue & Margins

Q1 FY27 earnings call: what management guided on revenue, margins and order book.

Price₹1,600
Market cap₹1.6L Cr
P/E29.2
Updated25 Aug 2026
Read4 min read

What the Q1 FY27 call signalled

3 of 4 strong

RevenueSlow growth
MarginMargins slightly up
CapexCapex planned
Order bookOrder book rising

The short version

Future growth expectations for Tech Mahindra as indicated in the document: - Strong order book and continued execution of large deals expected to drive growth through the year. Tech Mahindra is confident of sustaining strong growth momentum for the remainder of FY27, aiming to outperform peer average growth.

From Tech Mahindra's Q1 FY27 earnings-call transcript · updated 25 Aug 2026.

Revenue & Sales Performance

Slow growth
Future growth expectations for Tech Mahindra as indicated in the document: - Strong order book and continued execution of large deals expected to drive growth through the year. - Manufacturing (led by aerospace) and BFSI verticals showing robust sequential growth. - Communication vertical remains healthy with large deal ramp-ups. - Optimism for continued growth in communications and manufacturing despite some quarterly volatility. - Growth momentum expected to continue beyond Q1 despite one-off impacts. - Revenue growth anticipated at high single-digit year-on-year, with potential to exceed peer averages. - Headcount reduction so far driven by productivity improvements, with expected hiring resuming aligned to revenue growth. - Ramp-up of two large communication deals expected to impact growth in subsequent quarters.

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Profitability & Margins

See what Tech Mahindra said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

Capex planned
  • Tech Mahindra is actively investing in talent, intellectual property (IP), and software licenses.
  • Significant investments are being made in Centers of Excellence including Communication, Learning & Experience, Engineering, and Retail CPG.
  • The company is building domain-specific and sovereign AI models tailored for various industry segments like telecom, BFSI, and healthcare.
  • Investments are focused on AI-led business process services (BPS), agentic AI solutions, AI-ready talent development, and AI governance.
  • Acquisition of Avant Techno Solutions to strengthen payments modernization and wealth platform capabilities, aligning with long-term growth strategy.

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Top-ranked in IT - Software

Ranked on what management guided this quarter

Guidance-ranked
Rev 1Mar 3
Rev 2Mar 1
3
Rev 2Mar 3
4
Rev 2Mar 3
5
Rev 2Mar 3
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

See what Tech Mahindra said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

Order book rising
  • Tech Mahindra's Total Contract Value (TCV) remains above $1 billion, reflecting strong deal momentum.
  • The large deals pipeline looks strong currently, with significant built-up capabilities in managing big deals.
  • The company is confident about deal wins in the near term but finds forecasting beyond a quarter or two uncertain due to the binary nature of large deals.
  • Ramp-up of large deals won in the past 12 months is expected to continue, contributing to revenue growth.
  • Some big deals, especially in communications, have yet to start ramping up but are anticipated to do so in upcoming quarters.

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Tech Mahindra — Quarterly revenue & net profit

Revenue Net profit
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹15.1K Cr, net profit ₹1.4K Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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🔎 Who's planning the most growth?

Companies ranked by management's own guidance — revenue, margins, capex and order book, from every earnings call in India.

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Frequently Asked Questions

What were Tech Mahindra Q1 FY27 results?

Future growth expectations for Tech Mahindra as indicated in the document: - Strong order book and continued execution of large deals expected to drive growth through the year. Tech Mahindra is confident of sustaining strong growth momentum for the remainder of FY27, aiming to outperform peer average growth.

What is Tech Mahindra share price analysis?

Tech Mahindra currently shows a neutral. The stock trades at a P/E of 29.2 with a market cap of ₹155,245 Cr. Investors should review the full earnings analysis for detailed insights.

Is Tech Mahindra planning capital expenditure?

Tech Mahindra is actively investing in talent, intellectual property (IP), and software licenses.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.