Tech Mahindra Limited (NSE:TECHM)

Tech Mahindra Financials Overview

Financials in millions INR. Fiscal year is April - March.

Revenue & Profits

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Revenue Revenue Growth	591,761	568,154	529,883	519,955	532,902	446,460
Revenue Growth	10.95%	7.22%	1.91%	-2.43%	19.36%	17.94%
Gross Profit Gross Profit Growth	211,603	196,574	167,325	154,366	169,773	148,591
Operating Income Operating Income Growth	79,577	71,709	51,645	31,798	61,025	65,411
Net Income Net Income Growth	51,354	48,109	42,515	23,578	48,313	55,661
Earnings Per Share EPS Growth	57.83	54.19	47.91	26.58	54.54	62.81
EPS Growth	13.02%	13.11%	80.25%	-51.27%	-13.17%	25.14%

Revenue by Segment

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Information Technology (IT) Services Information Technology (IT) Services Growth	497,483	477,670	444,767	442,831	460,972	391,852
Business Process Services (BPS) Business Process Services (BPS) Growth	94,278	90,484	85,116	77,124	71,930	54,608
Total Total Growth	591,761	568,154	529,883	519,955	532,902	446,460

Cash & Debt

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Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Cash & Investments Cash & Investments Growth	83,857	83,857	73,788	73,233	69,107	82,897
Total Debt Total Debt Growth	21,862	21,862	20,252	25,367	27,402	26,184
Net Cash (Debt) Net Cash Growth	61,995	61,995	53,536	47,866	41,705	56,713
Net Cash Growth	15.80%	15.80%	11.85%	14.77%	-26.46%	-40.40%
Net Cash Per Share Net Cash Per Share Growth	69.82	69.84	60.32	53.95	47.08	64.00

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Operating Cash Flow Operating Cash Flow Growth	-	61,720	57,857	63,764	55,720	52,853
Capital Expenditures CapEx Growth	-	-6,957	-5,935	-7,911	-10,152	-9,584
Free Cash Flow Free Cash Flow Growth	-	54,763	51,922	55,853	45,568	43,269
Free Cash Flow Growth	-	5.47%	-7.04%	22.57%	5.31%	-41.75%

Margins

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Gross Margin	35.76%	34.60%	31.58%	29.69%	31.86%	33.28%
Operating Margin	13.45%	12.62%	9.75%	6.12%	11.45%	14.65%
Pretax Margin	11.82%	11.57%	10.67%	6.20%	12.10%	16.69%
Profit Margin	8.68%	8.47%	8.02%	4.54%	9.07%	12.47%
FCF Margin	-	9.64%	9.80%	10.74%	8.55%	9.69%

Dividends

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Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Aug 9, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Dividend Per Share Dividend Per Share Growth	51.000	51.000	45.000	40.000	32.000	15.000
Dividend Per Share Growth	13.33%	13.33%	12.50%	25.00%	113.33%	0%
Dividend Yield	3.12%	3.78%	3.35%	3.48%	3.27%	1.18%

Valuation

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Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Aug 9, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
PE Ratio	28.27	25.48	29.51	46.72	20.07	23.64
Forward PE	19.45	18.73	26.09	25.07	17.43	21.71
P/FCF Ratio	26.45	22.38	24.17	19.72	21.28	30.41
PS Ratio	2.45	2.16	2.37	2.12	1.82	2.95

Data Source: S&P Global Market Intelligence Last updated: Jun 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 7, 2026

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