Tech Mahindra Q1 Results Preview: Profit to witness double-digit rise; deal wins, AI bets, margin push in focus

Tech Mahindra is expected to report strong double-digit profit growth for Q1FY27, with brokerages estimating PAT of about Rs 1,608-1,610 crore, up roughly 41% year-on-year and around 18-19% sequentially. Revenue is projected at Rs 15,290-15,530 crore, translating to constant currency growth of about 1% quarter-on-quarter, led by ramp-ups in telecom, BFSI and retail verticals. EBIT margins are seen expanding 30-50 basis points sequentially to 14.1-14.3%, supported by Project Fortius cost optimisation, though analysts flagged cautious near-term demand and AI-led spending shifts across Indian IT.