Tech Mahindra

Infosys, Tech Mahindra and HCL Technologies led the sectoral rally, rising more than 3% each. They were followed by Tata Consultancy Services (TCS), Persistent Systems, Mphasis and LTIMindtree.

Tech Mahindra's share price rose over 3% after Q1FY27 results were released. The company reported a net profit of ₹ 1,465.1 crore, a 28.4% increase, while revenue climbed 15% to ₹ 15,605.50 crore compared to last year.

While Tech Mahindra remains more optimistic, Wipro’s commentary was in line with TCS's and HCLTech's. TCS CEO K. Krithivasan said the demand environment remained unchanged, while HCLTech’s C. Vijayakumar said the unchanged geopolitical environment was translating into muted client spending.

Tech Mahindra reported a consolidated net profit of ₹ 1465.1 crore for Q1 2026, a 28.4% increase year-over-year. Revenue from operations rose 15% to ₹ 15,605.50 crore compared to ₹ 13,569.5 crore in the same quarter last year.

Tech Mahindra is anticipated to report strong profit growth for Q1 FY27, driven by telecom deals. Analysts are cautious about demand due to macroeconomic uncertainty, with revenue growth projected around 1% quarter-on-quarter.

Q1 results 2026: Wipro, Jio Financial Services, Tech Mahindra, Bharat Heavy Electricals (BHEL), ITC Hotels, Piramal Finance are among the companies to declare their Q1 results FY27 today.

IT stocks gained on July 3, propelled by positive global tech trends and reduced fears of an interest rate hike. The Nifty IT index surged nearly 3%, recovering from recent declines, though it remains the worst-performing sector this year, down 30% in H1CY26.

Pininfarina was meant to diversify Tech Mahindra into high-end engineering and design, but a decade after the acquisition, it has become a financial burden.