Tech Mahindra Shares Surge After Impressive Profit Report

Tech Mahindra's shares rose significantly after the company posted a 14.11% increase in profits for the December quarter of FY26. The profit reached Rs 1,122 crore, with revenues climbing to Rs 14,393 crore. The company's performance was bolstered by new deals worth USD 1.096 billion.

Shares of Tech Mahindra, an IT services company, saw a significant rise on Monday, nearly climbing 4%, following the firm's announcement of a 14.11% profit jump to Rs 1,122 crore in the December quarter of FY26.

The company's stock increased by 3.80% to Rs 1,734.05 on the BSE, while it rose by 3.85% to Rs 1,734.90 on the NSE. These earnings were disclosed post trading hours on Friday.

The Mahindra group company reported a previous net profit of Rs 983.2 crore in the same period last year and Rs 1,194 crore in the preceding quarter, with revenue from operations climbing to Rs 14,393 crore during this period. New deals amounting to USD 1.096 billion were secured, indicating a robust pipeline and strong business performance across multiple regions and sectors, according to CEO Mohit Joshi.