Tech Mahindra delivered a strong Q1 FY27!

Consolidated revenue hit ₹15,711.9 Cr, up 17.7% YoY, and Profit After Tax for owners jumped to ₹1,465.1 Cr, a 28.4% YoY increase.

The IT segment saw 2.6% QoQ growth, largely driven by key verticals like Manufacturing (+17.2% YoY), BFSI (+8.1% YoY), and Healthcare (+7.2% YoY), with Europe leading geographic growth (+12.1% YoY). The company is leaning into its "Helix" AI strategy, focusing on new AI-native offerings and integrating AI into existing services through partnerships and talent development.

They acquired Canada's Avant Techno Solutions to bolster BFSI offerings and launched Agentic Development & Modernization Services.

Partnerships with Microsoft, Cisco, and Perplexity further enhance AI and cloud solutions, and they became a Workday Partner.

EBIT impressively rose to ₹2,264 Cr, up 53.3% YoY, with EBIT margin expanding to 14.4% (+330 bps YoY). Diluted EPS stood at ₹16.50. New deal wins reached a robust USD 1,078 Million, marking the third consecutive quarter exceeding $1 billion.

Free Cash Flow popped 94% YoY to USD 167 Million.

Management is bullish on the company's resilience, deepening client relationships, and operational rigor, maintaining a sharp focus on strategic AI investments for future growth.