Tech Mahindra reported higher September-quarter earnings and a conditional bonus-share proposal alongside a cash dividend. The October 15, 2026 issuer release put revenue at ₹16,180 crore, up 15.6% year on year, and profit attributable to owners at about ₹1,586 crore, up 32.7%. The board approved a 1:1 bonus proposal subject to shareholder approval and other applicable requirements. It separately declared an interim dividend of ₹15 per equity share.
Tech Mahindra Q2 FY27: the numbers and actions
| Measure | Issuer disclosure |
|---|---|
| Revenue, rounded release figure | ₹16,180 crore; +15.6% year on year; +3.0% sequentially |
| Profit attributable to owners, rounded | ₹1,586 crore; +32.7% year on year |
| EBIT, earnings before interest and tax | ₹2,387 crore; +40.5% year on year; margin 14.8% |
| Reported US-dollar revenue | US$1,693 million; +6.8% year on year |
| Constant-currency revenue comparison | +7.2% year on year; not the reported-dollar growth rate |
| New-deal total contract value | US$1,023 million; +25.4% year on year |
| Cash dividend / proposed bonus | ₹15 per share / 1:1, subject to approvals |
Which profit figure is ₹1,586 crore?
The consolidated statement is in rupees million. It reports revenue of ₹161,802 million, or ₹16,180.2 crore. Total profit after tax is ₹16,097 million, or ₹1,609.7 crore. Of that, ₹15,856 million, or ₹1,585.6 crore, is attributable to owners; ₹241 million belongs to non-controlling interests. The release rounds the owners’ figure to ₹1,586 crore. These are not interchangeable profit measures. The 14.8% EBIT margin is also an operating measure, not a shareholder return.
Bonus shares are not the cash dividend
The proposed 1:1 ratio means one additional share for every eligible fully paid-up share, subject to the stated approvals and requirements. It is not confirmation that shares have already been allotted, nor a guaranteed doubling of investment value. The separate ₹15 dividend is cash per share. Its description as 300% relates to the ₹5 face value, not a 300% return on the market price. Record dates, eligibility and payment or allotment timing need their own exchange disclosures; this report does not invent them.
Compare revenue on the same currency basis
Reported US-dollar revenue rose 6.8%, while the company’s constant-currency comparison was 7.2%. The latter holds exchange rates on a comparable basis and is not a separate statutory revenue line. New-deal total contract value measures contract awards, not revenue already earned in this quarter. The financial statements also retain legacy Satyam-related disclosures and an auditor emphasis-of-matter note; the corporate-action announcement does not resolve those matters. The sources are documents from the same issuer, not independent assessments.
Related: separating Wipro’s revenue, profit and operating measures.
Official sources and verification
Sources observed: 16/10/2026, 11:07:21 IST. Issuer release · Release PDF · Consolidated statements: page 1 and notes 2–3, 4–6 · Issuer earnings index
Recorded source observation: . This is a source-check timestamp, not a market quote or a new article update.