Tech Mahindra Ltd , the IT arm of the Mahindra Group, reported its Q2FY26 financial results, surpassing market expectations on key metrics, fuelled by robust growth in its banking and manufacturing verticals.

The company posted a net profit of ₹1,195 crore, slightly below the CNBC-TV18 poll estimate of ₹1,317 crore but marking a quarter-on-quarter (QoQ) increase of 4.8% from ₹1,141 crore in the previous quarter.

On a year-on-year (YoY) basis, the net profit came in lower than the ₹1,250 crore it had posted in the year-ago period.

Tech Mahindra revenue and operation performance

Tech Mahindra's revenue for the quarter stood at ₹13,995 crore, beating estimates of ₹13,805 crore and representing a sequential growth of 4.8% from ₹13,351 crore in Q1FY26. Its revenue in Q2FY25 stood at ₹13,31

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