Tech Mahindra Limited — Q2FY27 earnings call summary

Filed 21 October 2026 · Official transcript

Q2 FY27 revenue US$1.693bn +6.8% y-y (7.2% constant currency); EBIT margin 14.8%, +260 bps y-y
Margin expansion potential remains; AI toolchains expected to improve productivity and release headcount
AI revenue reporting to start H2 FY27; focus on AI toolchains per service line and AI-led vertical transformation
Quantum computing initiatives progressing; commercial impact expected beyond 12 months
Normal seasonality expected in H2 FY27; European auto manufacturing softness manageable
AI initiative Helix driving strategic engagements; launched Zero-Gravity Telco Architecture and Consumer Agentic Experience Studio
Total deal wins US$1.023bn in Q2; 12 consecutive quarters of margin expansion
Communications vertical grew 9.5% y-y; BFSI +4.6%, Manufacturing +7%, Retail/Travel/Logistics +9.2%, Healthcare +6.2%