Tech Mahindra declares interim dividend, reports strong Q2 FY26 financials

Tech Mahindra's board of directors, meeting on October 14, 2025, approved an interim dividend of Rs. 15 per equity share (300% of face value) for the financial year 2025-26. October 21, 2025, is set as the record date for payment on or before November 12, 2025. This decision followed the review of the unaudited consolidated and standalone financial results for the quarter and half year ended September 30, 2025.

The company reported strong Q2 FY26 performance, with consolidated revenue reaching $1,586 million, marking a 1.4% quarter-on-quarter increase and a 0.2% year-on-year decline in reported terms. EBIT stood at $192 million, up 11.5% quarter-on-quarter and 25.6% year-on-year, with an EBIT margin of 12.1%. Profit after tax (PAT) was $135 million, increasing 1.5% quarter-on-quarter. New deal wins totaled $816 million, reflecting a 35% year-on-year growth.

Key highlights include a total headcount of 152,714, LTM IT attrition at 12.8%, and cash and cash equivalents of INR 7,287 crores. The company continues to focus on AI-driven transformation, with initiatives like TechM Orion Marketplace and the India AI mission, and strategic partnerships with NVIDIA, AMD, J.P. Morgan, FintechOS, Athena, and Abacus Insights.