Mumbai, Oct 13
IT firm Tech Mahindra's consolidated net profit for the second quarter of the current financial year (Q2 FY26) fell 4.5 per cent on year-on-year (YoY) to Rs 1,195 crore, the company said in an exchange filing on Tuesday.
However, Tech Mahindra reported a 5.1 per cent YoY rise in its revenue from operations for the quarter at Rs 13,995 crore, up from Rs 13,351 crore, driven by solid growth in its banking and manufacturing verticals.
On a sequential basis, the company’s net profit and revenue grew 4.7 per cent and 4.8 per cent, respectively. The company's net profit and revenue from operations in the previous quarter stood at Rs 1,140 crore and Rs 13,351 crore, respectively.
The board also declared an interim dividend of Rs 15 per share, with October 21 set as the record date.