Tech Mahindra Ltd

Tech Mahindra Limited reported strong Q2 FY27 results with revenue of US$1.693 billion, a 6.8% year-on-year growth on a reported basis and 7.2% growth in constant currency. The company highlighted broad-based growth across verticals, including Communications (9.5% YoY), Manufacturing (7%), and Retail, Travel and Logistics (9.2% YoY). Operating margins stood at 14.8%, up 260 basis points YoY. Key initiatives included the launch of Zero-Gravity Telco Architecture and the expansion of TechM Helix, an AI-driven transformation platform. The company secured US$1.023 billion in new deals and emphasized AI integration across service lines and industries. Management noted continued focus on AI toolchains, industry-specific solutions, and strategic partnerships with hyperscalers like AWS, Google Cloud, and Microsoft. The board recommended a 1:1 bonus share issue to celebrate the company's 40th anniversary. Financials showed EBIT of US$250 million with a 14.8% margin, and free cash flow of US$135 million. The company reiterated its full-year EBIT margin target of 15% and expressed confidence in sustaining growth momentum in the second half of FY27.

The document emphasizes strong revenue growth, margin expansion, and strategic AI initiatives, reflecting a positive outlook on the company's performance and future prospects.