Tech Mahindra's profit rises 33% to ₹1,586 crore; board recommends 1:1 bonus shares

What happened

• Tech Mahindra reported a consolidated net profit of ₹1,586 crore for the September 2026 quarter, up 8.2% from ₹1,465 crore in the June quarter and 33% from a year earlier, according to Upstox and Free Press Journal.
• Upstox put revenue at ₹16,180 crore, up 3% on the quarter, and the EBIT margin at 14.8%, up 40 basis points. New deal wins were $1,023 million, up 25.4% from a year earlier, and headcount was 152,206.
• The board declared an interim dividend of ₹15 a share, with 23 October as the record date, and recommended a 1:1 bonus issue, which needs shareholder approval, Upstox reported. Free Press Journal's report also covers the bonus recommendation.
• The results came after the close. The shares closed at ₹1,650 on Kite data, up 4.75% from ₹1,575.20, before the announcement.

Why it matters

Good to know: In a 1:1 bonus issue, shareholders receive one new share for each share they hold. The company's profit is unchanged; the same value is spread over twice as many shares.

Key facts

Net profit

₹1,586 crore (₹1,465 crore in June quarter)

Revenue

₹16,180 crore, up 3% on the quarter

New deal wins

$1,023 million, up 25.4% from a year earlier

Interim dividend

₹15 a share; record date 23 October

Bonus issue

1:1 recommended, subject to shareholder approval

Read the source

• Tech Mahindra Q2 results: Net profit rises over 8% QoQ; board declares interim dividend of ₹15 per share for FY27Upstox
• Tech Mahindra Profit After Tax Rises To ₹1,586 Crore, Board Recommends 1:1 Bonus IssueFree Press Journal

Tech Mahindra in the news before

1. 5 OCT 2026 · EVENING · CORPORATE ACTIONSTech Mahindra's board to consider a bonus share issue on 15 October