Tech Mahindra Limited — PPTs, 16-01-2026: Investor Presentation

Tech Mahindra posted a strong Q3 FY26, with revenue growing 8.3% YoY to ₹14,393 crore. Profit after Tax (PAT) increased 8.3% YoY to ₹1,117 crore, while Earnings Before Interest and Taxes (EBIT) surged 32.8% YoY to ₹1,886 crore. This boosted EBIT margin to 13.1% (up ~290 bps YoY) and operational PAT margin to 9.2%, marking the ninth consecutive quarter of margin expansion.

Geographically, Americas and Europe showed robust growth. Communications, along with Retail, Logistics & Transport, were top performing segments. New deal wins were impressive at ₹9,790 crore, representing the highest last twelve months' (LTM) deal wins in five years. A key win was a strategic, multi-year deal with a leading European telecom provider, focusing on AI-led operational efficiencies.

The company is strategically focused on scaling AI adoption, transitioning clients from pilot projects to large-scale, multi-year programs. They also formed key partnerships, including with Google for Gemini Enterprise and the University of Texas at Dallas for AI innovation. Management highlighted healthy cash generation, with Free Cash Flow at ₹1,733 crore, underscoring strong working capital discipline and progress towards FY27 goals.