Tech Mahindra announces interim dividend of Rs 15 per share and sets October 21 as record date

Tier-1 IT services company Tech Mahindra on Tuesday declared an interim dividend of Rs 15 per equity share for the financial year 2025-26 and set Tuesday, October 21 as the record date for determining the members entitled to the interim dividend.

The interim dividend was announced along with the company’s quarterly results in September, where the company posted a 4.4% decline in its second-quarter net profit at Rs 1,194 crore, compared to Rs 1,250 crore in the same period a year ago. The profit after tax (PAT) is attributable to the owners of the company. Revenue from operations stood at Rs 13,995, up 5.1% from Rs 13,313 crore in the corresponding quarter of the last fiscal.

Tech Mahindra’s consolidated PAT grew 4.7% on a sequential basis from Rs 1,141 crore reported in Q1FY26, while revenue rose 4.8% on a quarter-on-quarter basis compared to Rs 13,351 crore in the April-June quarter.

The company’s earnings before interest and taxes (EBIT) stood at Rs 1,699 crore, up 15% quarter-on-quarter and up 32.7% year-on-year.

The total contract value (TCV) was $816 million.

Management speaks

Commenting on the company’s second quarter performance, CEO and Managing Director Mohit Joshi said the company achieved broad-based growth this quarter, reflecting the strength of its strategy and execution. “We launched TechM Orion, our next-generation AI platform, and TechM Orion Marketplace to help enterprises accelerate autonomous transformation. The recognition from industry analysts reinforces our leadership in advancing the next generation of AI,” Joshi said.

Meanwhile, Chief Financial Officer Rohit Anand highlighted the second quarter of 2026 as the eighth consecutive period of margin growth, driven by operational efficiency and disciplined execution. “The TCV of our deals increased 57% year-over-year on an LTM basis, supported by strong deal conversions,” he added.