Tech Mahindra Limited has announced its financial results for the third quarter of Fiscal Year 2026 (Q3 FY26), presenting an investor presentation on January 16, 2026, at 6:00 PM IST. The company reported a consolidated revenue of $1,610 million, which translates to ₹14,393 crore, marking a year-on-year increase of 2.7% in USD and 8.3% in INR. The IT segment saw a 1.3% sequential growth, while the BPS segment grew by 2.6% QoQ.

Earnings Before Interest and Taxes (EBIT) stood at $211 million, up 32.8% year-on-year, with an EBIT margin of 13.1%, an increase of approximately 290 basis points YoY. Profit After Tax (PAT) was $125 million, an 8.3% increase YoY, and the operational PAT margin was 9.2%. Free Cash Flow (FCF) for the quarter was $194 million, with FCF to Operational PAT at 131%. The company secured new deal wins totaling $1,096 million during the quarter, with LTM deal wins being the highest in the past five years.

Key strategic highlights include a significant multi-year partnership with a European telecommunications provider, collaboration with Google to accelerate enterprise adoption of Gemini Enterprise, and achieving AWS Generative AI (GenAI) Competency. Tech Mahindra also launched its sustainable lending platform, i.GreenFinance. The company was recognized as a Global Sustainability Leader in the S&P Global’s Dow Jones Sustainability Index (DJSI) and received the Best Brands 2025 award. A brand refresh was also undertaken to reinforce its positioning as a future-ready, AI-aligned transformation partner.

Management commentary from CEO Mohit Joshi and CFO Rohit Anand highlighted strong deal wins, consecutive margin expansion, and continued strength in cash generation, with the company on track to achieve its FY27 goals. The IT headcount stood at 76,194, with LTM attrition at 12.3%. The company also emphasized its AI strategy, supporting clients in moving from AI experimentation to execution at scale, and its commitment to developing AI solutions for India, including an LLM for education and localization of TechM Orion in Hindi.