Tech Mahindra Shares Fall Over 2% After Weak Q1 Results

Shares of IT services firm Tech Mahindra declined over 2% on Thursday after its June quarter net profit declined sequentially.

The stock dropped 2% to ₹1,575 on the BSE.

At the NSE, shares of the firm went lower by 2.21% to ₹1,572.30.

Tech Mahindra on Wednesday reported a nearly 34% year-on-year increase in consolidated net profit to ₹1,140.6 crore for the quarter ending June 30, 2025, on the back of growth in communications and financial services verticals.

The company had logged a net profit (attributable to owners of the company) of ₹851.5 crore in the year-ago period, according to a regulatory filing.

The Pune-based company's revenue from operations for the first quarter of 2025-26 grew 2.65% to ₹13,351.2 crore from ₹13,005.5 crore in the same period last year.

Sequentially, net profit declined by 2.2%, and revenue saw a marginal dip of 0.2% from the preceding quarter.

Discretionary cuts and run-offs hit revenues, and the company expects deal wins to start reflecting in the numbers from the second quarter onwards.