Tech Mahindra Shares Jump 8% After Strong Q2 Revenue and Deal Wins
What Happened
Tech Mahindra shares jumped about 8% on October 16, their biggest one-day gain in more than six years, after its Q2 FY27 results. Revenue rose 15.6% year-on-year to ₹16,180 crore, while profit increased 32.7% to ₹1,586 crore. New deal wins reached $1.02 billion, up 25.4% from a year earlier.
Key Takeaways
Tech Mahindra’s EBIT margin improved to 14.8%, approaching its 15% FY27 target. Strong deal wins supported investor sentiment, although quarterly profit came in below analysts’ expectations.