Tech Mahindra Q2: Board Recommends 1:1 Bonus Share Issue; To Pay Rs 15 Per Share Dividend

Tech Mahindra Ltd. saw a 8.3% uptick in its net profit to Rs 1,586 crore compared to Rs 1.465 crore on a quarter-on-quarter (QoQ) basis for its second quarter results for the fiscal 2026, according to an exchange filing from the company on Thursday.  The company recommended a bonus share issue in the ratio of 1:1. 

The firm will pay an interim dividend of Rs 15 per share. The record date to determine the eligibility of shareholders for the dividend payout is Oct. 23, 2026. The dividend amount will be credited to those eligible by Nov. 13, 2026.

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The revenue was up 3% QoQ to Rs 16,180 crore, from Rs 15,712 crore in the preceding quarter. The company's EBIT (earnings before interest and taxes) saw a 5.4% uptick to Rs 2,386 crore, compared Rs 2,264 crore in the previous quarter. The EBIT Margin expanded to 14.7% QoQ from 14.4%.

Tech Mahindra Q2 Results Highlights (Cons, QoQ)   

• Net Profit up 8.3% At Rs 1,586 crore Vs Rs 1,465 crore
• Revenue up 3% At Rs 16,180 crore Vs Rs 15,712 crore
• EBIT up 5.4% At Rs 2,386 crore Vs Rs 2,264 crore
• EBIT Margin at 14.7% Vs 14.4% 
• Net Profit At Rs 1,586 crore Vs Estimate Of Rs 1,677 crore
• Revenue At Rs 16,180 crore Vs Estimate Of Rs 15,975 crore
• EBIT At Rs 2,386 crore Vs Estimate Of Rs 2,319 crore
• EBIT margin at 14.7% Vs Estimate Of 14.5% 

Tech Mahindra Share Price Movement 

Tech Mahindra Ltd.'s share price saw a 4.75% uptick to settle at Rs 1,650 crore at the end of the day's trade, compared to a 1.66% uptick of the NSE Nifty 50. 

The stock opened at Rs 1,600.00, compared to its previous close of Rs 1,575.20. During today's trading session, Tech Mahindra Ltd. share price moved in the range of Rs 1,596.10 to Rs 1,650.00.

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Looking at its last 52-week performance, the stock has touched a low of Rs 1,304.10 and a high of Rs 1,854.00. On the performance front, Tech Mahindra Ltd. share price is up 13.09% on a year-on-year basis.

The market capitalisation of Tech Mahindra Ltd. is Rs 1.51 lakh crore, with a P/E ratio of 42.96.

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