Tech Mahindra shares fell nearly 3% on Thursday, sliding to an intraday low of ₹1,418 and extending a four-day losing streak. The drop came as investors weighed a quarterly profit miss against the company’s record-high total dividend of ₹51 per share for FY26. Despite net profit rising 16% year-on-year to ₹1,354 crore, results came in about 10% below analyst estimates.
Tech Mahindra’s IT services arm reported a 16% jump in Q4 net profit to Rs 1,354 crore. Revenue stood at Rs 15,076 crore, rising 4.7% sequentially and 12.6% year-on-year. The company attributed the performance to large deal wins and growth across communications, BFSI, technology, and media and entertainment despite a tepid macro environment.
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Tech Mahindra shares fell nearly 5% ahead of its crucial Q4 and FY results, despite brokerages projecting a 9% sequential rise in net profit to ₹1,453.8 crore. Traders booked profits as the stock dipped toward ₹1,428.60, with attention turning to management’s FY27 guidance and how “Project Fortius” restructuring is progressing.
Tech Mahindra posted Q4 FY26 revenue of ₹15,076 crore, up 12.6% year-on-year and beating market estimates, marking its first double-digit growth in three years. Net profit was ₹1,354 crore, slightly below some projections, yet the stock recovered quickly from an early 6% dip and moved flat. The company declared a final dividend of ₹36 per share.
Tech Mahindra posted steady quarterly results, buoyed by a major Europe deal with Orange that analysts say may unlock future revenue. The firm is also backing AI startups via cloud services, even as it continues cost restructuring through headcount reductions. Investors are now focused on management guidance for FY27, with the dividend yield adding extra pull.
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