Market Performance
On Thursday, July 17, Tech Mahindra's share price declined by more than 2% during early trading on the NSE, following the announcement of its Q1 FY26 financial results.
- Opening Price: ₹1,583.40
- Previous Close: ₹1,607.90
- Intraday Low: ₹1,572.30
- Price at 11:30 AM: ₹1,579.10 (down 1.80%)
- Nifty 50 Movement: Down by 0.09% at 25,188
In July alone, Tech Mahindra's share price has dropped by nearly 6%, potentially ending its three-month winning streak.
So far in 2025, the stock has fallen 7% YTD, compared to:
- Nifty IT Index: Down 13%
- Nifty 50: Up 6%
Main News
Tech Mahindra's stock experienced a notable decline after the company announced its Q1FY26 results. Despite showing significant profit growth, investor sentiment seemed cautious, leading to a fall in the share price.
Company Details
Tech Mahindra, a leading IT services and consulting company, released its earnings for the June quarter (Q1FY26) on Wednesday.
Revenue
- Q1FY26 Revenue: ₹13,351.2 Crore
- YoY Growth: 2.7%
- Q1FY25 Revenue: ₹13,005.5 Crore
Earnings Before Interest, Taxes, Depreciation, and Amortization
- EBIT (Q1FY26): ₹1,477 Crore
- YoY Growth: 34%
Note: EBITDA margin details were not provided in the reference article.
Net Profits
- Consolidated Net Profit (Q1FY26): ₹1,140.6 Crore
- Q1FY25 Net Profit: ₹851.5 Crore
- YoY Increase: 34%
Summary of the Article
Tech Mahindra's share price fell by over 2% after the release of its Q1 FY26 financial results, despite strong year-over-year growth in net profit and EBIT. The stock has faced consistent pressure throughout July, with a cumulative fall of nearly 6%.
The company reported:
- 2.7% YoY growth in revenue
- 34% jump in net profit
- 34% rise in EBIT
While the financials indicated improvement, the stock's performance suggested cautious market sentiment. The article refrains from providing analyst commentary or investment advice, instead focusing solely on the company's actual performance data.
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