Tech Mahindra Q3 FY26 Profit Rises 14% with Revenue and Deal Wins Increasing

Tech Mahindra reported a 14.1% year-on-year rise in consolidated net profit to Rs 1,122 crore for Q3 FY26, with revenue increasing 8.3% to Rs 14,393 crore. EBIT grew 40.1% to Rs 1,892 crore, expanding the EBIT margin to 13.1%. New deal wins reached USD 1.1 billion, up 47% YoY. Sequential profit declined 6% due to a Rs 272 crore exceptional charge from new labour codes. Headcount fell by 872 YoY, with attrition at 12.3%. The company highlighted strong demand and AI-led offerings driving growth.