Tech Mahindra Profit After Tax Rises To ₹1,586 Crore, Board Recommends 1:1 Bonus Issue
Mumbai: Tech Mahindra Limited on Thursday reported a consolidated net profit after tax of ₹1,586 crore for the quarter ended 30 September 2026, marking a 32.7% year-on-year increase. The company's board also recommended a 1:1 bonus equity share issue. Interim Dividend Declared The board declared an interim dividend of ₹15 per equity share, representing 300% on the face value of ₹5 per share, for…
Mumbai-based Tech Mahindra Limited reported a significant rise in its consolidated net profit after tax in the quarter ended September 30, 2026, with a 32.7% increase year-on-year. The company's board recommended a 1:1 bonus share issue for eligible members. An interim dividend of ₹15 per share, representing 300% of the face value of ₹5, was declared.
The record date for this dividend is October 23, 2026, with payment expected by November 13, 2026. Tech Mahindra's workforce fell by 863 employees in Q1, as the company focused on improving margins. The company's consolidated revenue grew by 15.6% year-on-year to ₹16,180 crore, with a profit before tax of ₹22,961 crore. The diluted earnings per share (EPS) was ₹17.84.
The board approved the bonus share issue, which will be funded through the Securities Premium Account, General Reserves, and/or Retained Earnings. This will increase the company's authorised share capital from ₹924.3 crore to ₹1,000 crore. The quarter saw USD 1,023 million (approximately ₹8,765 crore) in new deal wins. Tech Mahindra has 152,206 employees, with a layoff rate of 11.7%.
The company's free cash flow was USD 135 million (approximately ₹1,155 crore). The board meeting was held on October 15, 2026, and lasted until October 16, 2026.
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