TECHMNSE22 April 2026

Tech Mahindra Limited has informed the Exchange about Investor Presentation

Tech Mahindra Limited

22nd April 2026

To, BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001 Scrip Code: 532755

Tech Mahindra Ltd Sharda Centre, Off Karve Road, Erandwane, Pune 411 004 Tel: +91 20 66018100 www.techmahindra.com

National Stock Exchange of India Limited Exchange Plaza, 5th floor, Plot No. - C/1, G Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400 051 NSE Symbol: TECHM

Sub.: Outcome of Board Meeting of the Company - Disclosure under Regulations 30, 33, 42 and 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”) and Integrated Filing (Financials) for the fourth quarter and financial year ended 31st March, 2026

Ref.: Intimation of Board meeting dated 31st March 2026

Dear Sir/Madam,

In compliance with Regulations 30, 33, 42 and 47 read with para-A of Part A of Schedule III and other applicable provisions of the SEBI Listing Regulations, we wish to inform you that the Board of Directors of the Tech Mahindra Limited (“Company”) at their Meeting held today viz. Wednesday, 22nd April 2026 has inter- alia, approved the following:-

A. Audited Financial Results:

Audited Consolidated and Standalone Financial Results of the Company for the fourth quarter and financial year ended 31st March 2026 together with the unmodified Audit Reports thereon;

Pursuant to Regulation 33(3)(d) of the SEBI Listing Regulations, the Company hereby confirms and declares that BSR & Co., LLP, Statutory Auditor of the Company have issued their Audit Reports on the Annual Audited Standalone and Consolidated Financial Statements and Results of the Company for the financial year ended 31st March 2026 with an unmodified opinion.

B. Dividend:

Recommended Final Dividend of Rs. 36/- per equity share of the face value of Rs. 5/- each (720%) for the financial year ended 31st March 2026, subject to the Members’ approval at the forthcoming Annual General Meeting (“AGM”) of the Company.

The Final Dividend recommended is in addition to Interim Dividend of Rs. 15/- per Equity Share on Face Value of Rs. 5/- each i.e. 300% paid by the Company in November 2025.

Regd. Office: Gateway Building, Apollo Bunder, Mumbai 400 001 India | CIN: L64200MH1986PLCO41370

The Total Dividend for FY 2025-26, subject to approval of the Final Dividend, will be Rs. 51/- per equity share on face value of Rs. 5/- each i.e. 1020%.

The Record Date for entitlement of Final Dividend, if approved by the shareholders is Friday, 3rd July, 2026.

The Register of Members and Share Transfer Books of the Company will remain closed for the purpose of payment of dividend and AGM from Wednesday, 1st July 2026 to Friday, 3rd July 2026 (both days inclusive).

The Final Dividend on equity shares for the year ended 31st March 2026, as recommended by the Board of Directors and if declared at the AGM, will be paid by the Company before Friday, 14th August 2026, through permitted modes, to those shareholders or their mandates:

a) Whose names appear as Beneficial Owners as at the end of the business hours on Friday, 3rd July 2026, in the list of Beneficial Owners to be furnished by National Securities Depository Limited and Central Depository Services (India) Limited in respect of the shares held in dematerialised form; and

b) Whose names appear as Members in the Register of Members of the Company as at the end of the business hours on Friday, 3rd July, 2026, after giving effect to valid request(s) received for transmission/transposition of shares and lodged with the Company/its Registrar & Transfer Agent on or before on Friday, 3rd July, 2026.

C. ANNUAL GENERAL MEETING

Approved convening of the 39th Annual General Meeting of the Company for the financial year ended 31st March, 2026 on Friday, 17th July 2026 at 3.30 p.m. (IST) through video conferencing/any other audio- visual means.

In this regard, please find enclosed the following documents prepared in compliance with Regulations 33 and 47 of the SEBI Listing Regulations:

1. Annual Audited Consolidated and Standalone Financial Results and notes thereon for the fourth quarter and financial year ended 31st March 2026 (“Financial Results”), together with Unmodified Audit Reports on the Annual Audited Consolidated and Standalone Financial Results for the fourth quarter and financial year ended 31st March 2026, issued by the Company’s Statutory Auditor;

2. Press Release on the Financial Results;

3. Quarterly Earnings Presentation;

We further confirm that the Company is not a Large Corporate as per the criteria prescribed by SEBI in its SEBI Circular No. SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/ 2023/172 dated October 19, 2023

The Board meeting was held on 21st and 22nd April 2026. The Board Meeting for approval of the Annual Audited Financial Results and Statements, recommendation of Final Dividend and other matters was convened today viz. Wednesday, 22nd April, 2026 at 1.15 p.m. (IST) and concluded at 1.45 p.m. (IST).

Page 2 of 3

This intimation and aforesaid information are also being uploaded on the Company’s website at https://www.techmahindra.com/investors/

Kindly take the above on record.

Thanking you

For Tech Mahindra Limited

Ruchie Khanna Company Secretary

Enclosures: As above

Page 3 of 3

Tech Mahindra FY26 EBIT rises to ₹7,152 crores, up 39.2% YoY Declares ₹36 final dividend, taking total to ₹51 - highest ever

Mumbai – April 22nd, 2026: Tech Mahindra (NSE: TECHM), a leading global provider of technology consulting and digital solutions to enterprises across industries announced the audited consolidated financial results for the quarter and year ended March 31, 2026.

Financial highlights for the year (USD)

• Revenue USD 6,385 Mn

o up 1.9% YoY in reported terms

o up 0.6 % YoY in constant currency terms

• EBIT $ 797 Mn, up 31.4% YoY

• EBIT margin 12.6%, up 290 bps YoY

• PAT $ 537 Mn, up 7.0% YoY

• Free cash flow USD 616 Mn

• New deal wins TCV USD $3,794 Mn, up 41.6% YoY

Financial highlights for the quarter (USD)

• Revenue USD 1,625 Mn

o up 0.9% QoQ, up 4.9% YoY in reported terms

o up 0.6 % QoQ, up 2.4% YoY in constant currency terms

• EBIT USD 223 Mn, up 5.5% QoQ, up 36.3% YoY

• EBIT Margin 13.8%, up ~70 bps QoQ, up ~330 bps YoY

• Profit After Tax (PAT) USD 145 Mn, up 6.7% YoY

• Reported Profit After Tax (PAT) Margin 9.0 %, up 30 bps YoY

• New deal wins TCV USD 1,073mn; up 34.5% YoY and down 2.1% QoQ

Financial highlights for the year (₹)

• Revenue ₹ 56,815 crores, up 7.2% YoY

• EBIT ₹ 7,152 crores, up 39.2% YoY

• Profit After Tax (PAT) ₹ 4,811 crores, up 13.2% YoY

Financial highlights for the quarter (₹)

• Revenue ₹ 15,076 crores, up 4.7% QoQ, up 12.6 % YoY

• EBIT ₹ 2,084 crores, up 10.2% QoQ, up 48.3% YoY

• Profit After Tax (PAT) ₹ 1,354 crores, up 16.0% YoY

• Diluted Earnings per share (EPS) at ₹ 15.24

Other Highlights

• Total headcount at 147,623; down 1,108 YoY

• LTM IT attrition at 12.1%

• Days of Sales Outstanding 89 days

• Cash and Cash Equivalent at the end of the quarter ₹ 8,456 crores

Mohit Joshi, CEO and Managing Director, Tech Mahindra, said, “We are accelerating our transition to an AI-led organization, embedding AI across services and expanding our capabilities to enhance value delivery for our clients. This is reflected in our highest deal wins in recent years including consecutive quarters exceeding $ 1 billion. We remain focused on scaling with discipline and are on track to delivering our FY27 commitments.”

Rohit Anand, Chief Financial Officer, Tech Mahindra, said, “FY26 marked the end of the Stabilization Phase of our transformation journey, with margins expanding for the 10th consecutive quarter despite a challenging macro environment. In line with our disciplined capital allocation framework and commitment to our shareholders, we increased the dividend by over 13%, taking total dividends declared for the year to ₹51 per share, our highest ever.”

Key Deal Wins

• Won a large, multi-year AI-led transformation and outsourcing engagement with a major European telecommunications operator, spanning global customer support, quote-to-bill operations, and post-sales services. Agentic AI is embedded into the operating model via a proprietary orchestration platform to drive zero-touch operations, automation-led efficiency, and a joint go-to- market for AI-first services.

• Selected by a leading North American automotive OEM as a strategic partner for application development and support across mission-critical enterprise systems. Leveraging capabilities in application engineering, integration, automation, AI and data enablement, this engagement will reduce technical debt, improve operational efficiency, and accelerate delivery of enhancements, advancing the client’s digital transformation priorities and supports long-term scalability and cost optimization across North American operations.

• Selected by a European retail bank as a strategic partner for managed services engagement. This engagement leverages Tech Mahindra’s deep Banking and Financial Services domain expertise and proven delivery excellence to drive operational efficiency through optimized delivery models, enhancing security and regulatory compliance through robust, future-ready technology frameworks, and enabling scalable IT architecture to support growth and evolving regulatory needs.

• Selected by a Fortune 500 energy major as the sole strategic partner to run and manage infrastructure, cloud, service desk, end-user computing, and allied services while driving measurable efficiency across the technology estate. Leveraging Tech Mahindra’s cloud and infrastructure modernization expertise and internal proprietary platforms, the program will embed AI-enabled processes and platform-led improvements to optimize spend, strengthen day-to-day operations and enhance end-user experience.

• Selected by a leading global public health alliance as a strategic partner for a managed services engagement. Reflecting strong confidence in Tech Mahindra’s delivery excellence and domain expertise, the engagement focuses on sustaining high service quality and operational agility, while enabling continuous digital innovation to drive efficiency and mission-aligned transformation.

• Selected by a global technology major to expand lab-based testing and certification services for its connected device ecosystem. Leveraging Tech Mahindra’s global lab footprint and deep engineering expertise, the program will support broader coverage across evolving connectivity-led use cases.

Business Highlights

• Closed FY26 with the highest ever deal wins of $ 3,794 Mn in the last five years, reflecting stronger client confidence in Tech Mahindra’s transformation capabilities and solution-led go-to-market and Finished Q4 with the highest YoY constant currency growth in 3 years

• Secured large telco wins over consecutive quarters that are aimed at accelerating innovation, strengthening digital resilience, and achieving AI-led operational efficiencies. This underlines our deep domain capabilities in the telecommunication industry and client trust.

• Launched an education-focused LLM at the India AI Impact Summit. Scaled to eight billion parameters, the new model supports agentic AI in Hindi and debuts as an educational model focused on democratizing high-quality learning

•

IndusLLM is positioned as a template to be adopted globally in Sovereign AI deployments through a successful demonstration on Intel’s next-gen Panther Lake architecture.

• Launched Agentic Payment Assistance & Collections Optimization Solution for Telcos at Mobile World Congress 2026. The solution helps global telecommunications operators efficiently discover, test, deploy, and manage a wide range of software solutions, including pre-built AI agents

• Collaborated with Microsoft to launch an ontology-driven Agentic AI platform that accelerates telecom and enterprise data modernization. Built on Microsoft Fabric and Azure AI Foundry, the solution enables explainable, auditable, and real-time AI-powered decision-making while supporting secure, governed deployment of AI agents.

• Collaborated with NVIDIA to introduce an industry-first AI-powered Telco Network Operations Reasoning Agent. The solution is designed to help Communication Service Providers (CSPs) accelerate their journey toward Level 4+ (L4+) autonomous networks by transforming traditional Network Operations Centers (NOCs) into intelligent, closed-loop operations.

• Partnered with Fortinet, a global cybersecurity leader driving the convergence of networking and security, to deliver a Managed Secure Access Service Edge (SASE) solution. The joint solution aims at enabling secure and scalable digital transformation for enterprises globally by combining Tech Mahindra’s advisory, transformation, and managed services covering networking and security, with the Fortinet Unified SASE solution.

• Partnered with FICO to help BFSI organizations accelerate value creation through AI-powered decisioning and advanced analytics. This partnership will deliver end-to-end consulting, implementation, and managed services, enabling enterprises to fully leverage the capabilities of FICO Platform and realize faster, measurable business outcomes.

• Partnered with SCSK Asia Pacific. The partnership aims to accelerate the global expansion of SCSK’s ADVENTURECluster—an advanced Computer-Aided Engineering (CAE) solution and fast- track product development lifecycles for engineering organizations by streamlining the design and validation stages through cutting-edge CAE capabilities.

• Partnered with Rubrik, a security and AI operations company. Together, the organizations will deliver a joint Cyber Recovery as a Service (CRaaS) solution to help enterprises restore operations quickly and securely following cyber incidents.

Awards and Recognitions

• Awarded 'Retailers’ Favorite' at the NRF VIP Awards, underscoring retail trust placed in Tech

Mahindra’s reliable and outcome-driven transformation services

• Recognized in S&P Global Sustainability Yearbook 2026 as one of only two organizations worldwide in the IT Services industry to be recognized in the Top 1% category, underscoring its leadership in environmental, social, and governance (ESG) performance

• Recognized Amongst MINDS 2nd Cohort by World Economic Forum for Advancing Linguistic and

Digital Equity Through AI

• Rated A in CDP Supplier Engagement Assessment.

• Secured ninth place globally in the Brand Strength Index (BSI) rankings.

• Won Google Cloud Partner of the Year award for Manufacturing

• Won the CIO Choice 2026 Award for delivering Mahindra & Mahindra’s enterprise-scale data and

AI transformation

Analyst Ratings & Recognitions

• Everest Group's Private Equity (PE) Services PEAK Matrix® Assessment 2026 - Major Contender and

Star Performer

• Travel, Transportation, and Hospitality Digital Services 2025 RadarView – Leader

• CX Services in Travel & Hospitality 2026 – Overall

• CX Services in Travel & Hospitality 2026 - CX Improvement Capability – Leader

• CX Services in Travel & Hospitality 2026 - Revenue Generation Capability – Leader

• CX Services in Travel & Hospitality 2026 - Cost Optimization Capability - Leader

Consolidated Financial Statement for the fourth quarter and year ended March 31, 2026 drawn under Ind AS

About Tech Mahindra

Tech Mahindra (NSE: TECHM) offers technology consulting and digital solutions to global enterprises across industries, enabling transformative scale at unparalleled speed. With 147,000+ professionals across 90+ countries helping 1100+ clients, Tech Mahindra provides a full spectrum of services including consulting, information technology, enterprise applications, business process services, engineering services, network services, customer experience & design, AI & analytics, and cloud & infrastructure services. It is the first Indian company in the world to have been awarded the Sustainable Markets Initiative’s Terra Carta Seal, which recognizes global companies that are actively leading the charge to create a climate and nature-positive future. Tech Mahindra is part of the Mahindra Group, founded in 1945, one of the largest and most admired multinational federation of companies.

For more information on how TechM can partner with you to meet your Scale at Speed™ imperatives, please visit https://www.techmahindra.com/

Our Social Media Channels

For Further Queries:

Gaurav Sethi Head - Investor Relations Phone: +91 9971152508 Email: gaurav.sethi@techmahindra.com

Abhilasha Gupta Head – Global Corporate Communications & Public Affairs Phone: +91 9717946080 Email: abhilasha.gupta@techmahindra.com

investor.relations@techmahindra.com

media.relations@techmahindra.com

Disclaimer Certain statements in this release concerning the future prospects of Tech Mahindra Limited (“the Company” or “TechM”) are forward-looking statements. These statements by their nature involve risks and uncertainties that could cause Company’s actual results differ materially from such forward-looking statements. The Company, from time to time, makes written and oral forward-looking statements based on information available with the management of the Company and the Company does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the Company.

Earnings Presentation Q4 FY26 & FY 2026

Safe Harbor

Certain statements

this presentation may contain

‘forward-looking statements’

identified by

the use of

forward-looking words or phrases and statements relating to our future performance and prospects for growth in FY2027 and

beyond, our ability to achieve our financial, strategic and business goals; and our planned investments.

Our actual actions or results may differ from those expected or anticipated in the forward-looking statements due to both

known and unknown risks and uncertainties; downturns in global and regional economic conditions impacting one or more of

the markets in which we and our customers operate; other economic and public health conditions or regulatory changes in the

markets in which we and our customers, suppliers and partners operate; our ability to attract and retain talented and diverse

employees; fluctuations in our business due to seasonality; the concentration of our customers, potentially increasing the

negative impact to our business of difficulties experienced by any of our customers or changes in their purchasing or selling

patterns; our ability to realize the benefits of cost-savings and efficiency and/or revenue efficiency enhancing initiatives

including initiatives to integrate portfolio companies and the impact of litigation or arbitration decisions or settlement actions.

FY 2026 – At a Glance

A Promise of

Scale at Speed

Revenue $ 6,385 Mn

EBIT 12.6%

PAT Margin 8.5%

FCF $ 616 Mn

New Deal Wins $ 3,794 Mn

Management Commentary

We are accelerating our transition to an AI-led

FY26 marked the end of the Stabilization Phase of our

organization, embedding AI across services and

transformation journey, with margins expanding for the

expanding our capabilities to enhance value delivery

10th consecutive quarter despite a challenging macro

for our clients. This is reflected in our highest deal wins

environment.

line with our disciplined capital

recent years

including consecutive quarters

allocation

framework and commitment

to our

exceeding $ 1 billion. We remain focused on scaling

shareholders, we increased the dividend by over 13%,

with discipline and are on track to delivering our FY27

taking total dividends declared for the year to ₹51 per

commitments.

share, our highest ever.

Mohit Joshi CEO, Tech Mahindra

Rohit Anand CFO, Tech Mahindra

Strategic Highlights

Business Updates

− Closed FY26 with the highest ever deal wins of $ 3,794 Mn in the last five years, reflecting stronger client confidence in Tech Mahindra’s transformation capabilities and solution-led go-to-market

− Q4 exit rate YoY CC was the highest in three years, underscoring

sustained momentum

−

innovation, strengthening digital

Secured large deal wins over consecutive quarters that are aimed at accelerating resilience, and achieving AI-led operational efficiencies. This underlines our deep domain capabilities in the telecommunication industry and client trust

BFSI Vertical Leadership: Positioned as a Leader and Star Performer in Everest Group’s 2025 Banking and Payments

Launched an education-focused LLM at the India AI Impact Summit. Scaled to eight billion parameters, the new model supports agentic AI in Hindi and debuts as an educational model focused on democratizing high-quality learning

IndusLLM positioned as a template to be adopted globally in Sovereign AI deployments through a successful demonstration on Intel’s next-gen Panther Lake architecture

−

Launched Agentic Payment Assistance & Collections Optimization Solution for Telcos at Mobile World Congress 2026. The solution helps global telecommunications operators efficiently discover, test, deploy, and manage a wide range of software solutions, including pre-built AI agents

Awards & Recognitions

−

Awarded 'Retailers’ Favorite' at the NRF VIP Awards, underscoring retail trust placed reliable and outcome-driven transformation services

in Tech Mahindra’s

Recognized in S&P Global Sustainability Yearbook 2026 as one of only industry to be in the two organizations worldwide recognized in the Top 1% category, underscoring its leadership in environmental, social, and governance (ESG) performance

IT Services

Recognized Amongst MINDS 2nd Cohort by World Economic Forum for Advancing Linguistic and Digital Equity Through AI

Brand Finance: TechM advanced to 4th position among headquartered IT services firms

India-

Financial Highlights

FY 2026

Revenue

Q4 FY26

Revenue

• USD Revenue $6,385 millions; up 1.9% YoY

• USD Revenue $1,625 millions; up 0.9% QoQ and 4.9% YoY

•

Revenue (constant currency); up 0.6% YoY

INR Revenue ₹56,815 crores; up 7.2% YoY

Profitability

EBIT $ 797 Mn; up 31.4% YoY

EBIT margin 12.6%; 290 bps YoY

PAT $ 537 Mn; up 7.0% YoY

Cashflow

Free Cash Flow $ 616 Mn

Free Cash Flow to PAT is 115%

Clients

$ 50 mn+ clients at 29; up 4 YoY

$ 20 mn+ clients at 66; up 7 YoY

•

Revenue (constant currency); up 0.6% QoQ and 2.4% YoY

INR Revenue ₹15,076 crores, up 4.7% QoQ and 12.6% YoY

IT segment up 1.0% QoQ; BPS segment up 0.5% QoQ

Profitability

EBIT $ 223 Mn; up 5.5% QoQ and 36.3% YoY

EBIT margin 13.8%; up ~70 bps QoQ and ~330 bps YoY

PAT $ 145 Mn, up 6.7% YoY

People - IT

• Headcount 75,377; down by 817 QoQ

•

LTM attrition at 12.1%

Deal Wins

•

LTM Deal wins at $ 3,794 Mn; up 41.6% YoY

Financial Trend

Revenue (USD Mn)

LTM Deal Wins (USD Mn)

1,625

1,610

2,955

3,168

2,680

3,518

3,794

1,586

1,564

1,549

Q4 FY25 Q1 FY25 Q2 FY26 Q3 FY26 Q4 FY26

Q4 FY25

Q1 FY25

Q2 FY26

Q3 FY26

Q4 FY26

Earnings Before Interest & Taxes (EBIT %)

Return of Capital Employed (ROCE)

10.5%

11.1%

12.1%

13.1%

13.8%

23.8%

24.4%

23.1%

22.6%

26.2%

Q4 FY25

Q1 FY25

Q2 FY26

Q3 FY26

Q4 FY26

Q4 FY25

Q1 FY26

Q2 FY26

Q3 FY26

Q4 FY26

Geography-wise and Vertical-wise Performance

Geographies

Americas

Europe

ROW

Verticals

Communications

Manufacturing

BFSI

Technology, Media and Entertainment

Retail, Logistics and Transport

Healthcare and Lifesciences

Others

Q4 FY26

QoQ

-0.8%

2.7%

Q4 FY26

QoQ

1.8%

-0.1%

8.0%

2.5%

-5.3%

-0.8%

YoY

7.7%

7.4%

-2.7%

YoY

5.6%

11.8%

4.7%

6.6%

6.2%

4.7%

-20.0%

-32.1%

% Mix

49.7%

26.0%

24.3%

% Mix

33.4%

18.1%

16.6%

13.5%

8.2%

7.3%

2.9%

FY26

% Mix

49.8%

25.8%

24.4%

% Mix

33.3%

18.0%

16.3%

13.3%

8.3%

7.3%

3.5%

YoY

0.2%

8.9%

-1.2%

YoY

2.6%

5.9%

3.7%

-2.7%

7.3%

-0.6%

-16.4%

Client Metrics

Number of Clients

Q4 FY25

Q3 FY26

Q4 FY26

≥ $1 million clients

≥ $5 million clients

≥ $10 million clients

≥ $20 million clients

≥ $50 million clients

540

195

106

521

196

111

512

194

112

Client Concentration

Q4 FY25

Q3 FY26

Q4 FY26

Top 5

Top 10

Top 20

Deal Wins

New Deal Wins (USD Mn)

15.5%

24.5%

38.2%

Q4 FY25

798

15.2%

24.3%

37.7%

Q3 FY26

1,096

14.9%

24.3%

38.0%

Q4 FY26

1,073

People Highlights

Total Headcount

BPS

Sales & Support

IT Headcount mix

Onsite

Offshore

IT Utilization & Attrition

Utilization %

Attrition %

Q4 FY25

80,609

59,636

8,486

Q4 FY25

22.1%

77.9%

Q4 FY25

86.3%

11.8%

Q3 FY26

76,194

65,450

7,972

Q3 FY26

22.1%

77.9%

Q3 FY26

86.6%

12.3%

Q4 FY26

75,377

64,330

7,916

Q4 FY26

22.2%

77.8%

Q4 FY26

86.1%

12.1%

Cash Flow Metrics

Cash Conversion

Days Sales Outstanding

Free Cash Flow (USD Mn)

Free Cash Flow to PAT %

USD/INR Rate

Period Closing Rate

Period Average Rate

Q4 FY25

150

110.7%

Q3 FY26

194

131%*

Q4 FY25

Q3 FY26

85.5

86.5

89.9

89.4

Q4 FY26

68%

Q4 FY26

94.8

92.6

Cash & Borrowings (USD Mn)

Q4 FY25

Q3 FY26

Q4 FY26

Cash and Cash Equivalent #

Borrowings **

896

853

892

# Cash & Cash Equivalent includes Investments & Margin Money ** Borrowings exclude lease obligation on right-of-use (ROU) assets, created as per Ind AS 116 new accounting standard on leases * excludes exceptional items

AI Delivered Right

Highlights •

Supporting clients move from AI experimentation to execution at Scale - IT Build & Change; IT Ops & Assurance; Process & Operation Transformation; Experience Transformation and Business Transformation

•

AI becoming a core growth and execution engine across large enterprise engagements

Shift from pilots to scaled, multi-year programs embedded into client operating models

Announced a collaboration with University College London to advance joint research and solution development in Generative AI and quantum computing

Workforce Upliftment •

Launched enterprise-wide Claude Code Training Program enabling our associates to accelerate AI adoption, build enterprise scale expertise and prepare to meet evolving client expectations

•

80% of our global workforce is now AI-enabled

76% of employees have completed advanced AI training and achieved AI certification

84% of customer-facing employees are AI-enabled

Key AI Deal Wins

–

Selected by a global aerospace manufacturer to incubate AI capabilities within PLM operations, piloting intelligent automation and AI-assisted engineering to drive next-generation product lifecycle management

Engaged by a North American energy infrastructure leader to implement GenAI solutions, deploying intelligent automation to enhance operational efficiency and drive data-driven decision making across the enterprise

– Deployed AI Agents with a global pharmaceutical leader to accelerate ALM platform migration, automating the transition of 1,300+ projects from legacy to modern infrastructure — reducing manual effort and accelerating delivery timelines

–

Expanded AI-assisted engineering and testing capabilities with a global food and beverage major, deploying GenAI-powered test automation and code generation across digital content platforms to reduce manual effort and accelerate release cycles

Engaged by a leading UK postal and logistics operator to implement Agentic AI in testing, delivering discovery, agent prototype development, and defining the AI-native 'vector squad' operating model for intelligent test automation

Partnered with a leading European bank to build a unified deposit platform, leveraging AI across the software development lifecycle to achieve 30% improvement in development velocity and accelerate time- to-market

–

Engaged by a global medical technology company to deliver an enterprise-wide AI enablement program, conducting executive-level consulting to deliver tailored AI adoption roadmaps, governance frameworks, and tracking mechanisms

– Won a large-scale application modernization program with a financial services provider, migrating to cloud-native architecture on AWS with AI tools embedded across the development lifecycle — accelerating delivery velocity through automated documentation, story generation, and testing

–

Selected by a leading European telecom infrastructure operator to deploy AI-powered automation across business support functions, including contract management, license management, and invoice processing — with a defined expansion roadmap for additional use cases

Engaged by a leading Asia-Pacific insurance group to deploy AI intelligent solutions across automation and machine learning to enhance underwriting, claims processing, and customer engagement

insurance operations,

leveraging

– Deployed an Agentic AI assistant across web and mobile channels for a Middle Eastern real estate and asset management group, enabling automated, contextual customer interactions at scale

Deal-Win Performance Total TCV Q4 FY26: $ 1,073 Mn

− Won a

large, multi-year AI-led

transformation and outsourcing engagement with a major European telecommunications operator, spanning global customer support, quote-to-bill operations, and post- sales services. Agentic AI is embedded into the operating model via a proprietary orchestration platform to drive zero-touch operations, automation-led efficiency, and a joint go-to-market for AI-first services.

− Selected by a leading North American automotive OEM as a strategic partner for application development and support across mission-critical enterprise systems. Leveraging capabilities in application engineering, integration, automation, AI and data enablement, this engagement will reduce technical debt, improve operational efficiency, and accelerate delivery of enhancements, advancing the client’s digital transformation priorities and supports long-term scalability and cost optimization across North American operations.

− Selected by a European retail bank as a strategic partner for managed services engagement. This engagement leverages Tech Mahindra’s deep Banking and Financial Services domain expertise and proven delivery excellence to drive operational efficiency through optimized delivery models, enhancing security and regulatory compliance through robust, future-ready IT architecture to support growth and evolving regulatory needs.

frameworks, and enabling scalable

technology

− Selected by a Fortune 500 energy major as the sole strategic partner to infrastructure, cloud, service desk, end-user run and manage computing, and allied services while driving measurable efficiency across the technology estate. Leveraging Tech Mahindra’s cloud and internal proprietary infrastructure modernization expertise and platforms, the program will embed AI-enabled processes and platform- led improvements to optimize spend, strengthen day-to-day operations and enhance end-user experience.

− Selected by a leading global public health alliance as a strategic partner for a managed services engagement. Reflecting strong confidence in Tech Mahindra’s delivery excellence and domain expertise, the engagement focuses on sustaining high service quality and operational agility, while enabling continuous digital innovation to drive efficiency and mission-aligned transformation.

− Selected by a global technology major to expand lab-based testing and certification services for its connected device ecosystem. Leveraging Tech Mahindra’s global lab footprint and deep engineering expertise, the program will support broader coverage across evolving connectivity-led use cases.

Other Highlights New Launches, Partnerships & Collaborations

Announced a collaboration with Microsoft to launch an ontology-driven Agentic AI platform that accelerates telecom and enterprise data modernization. Built on Microsoft Fabric and Azure AI Foundry, the solution enables explainable, auditable, and real-time AI-powered decision-making while supporting secure, governed deployment of AI agents.

Announced a partnership with FICO to help BFSI organizations accelerate value creation through AI-powered decisioning and advanced analytics. This partnership will deliver end-to-end consulting, implementation, and managed services, enabling enterprises to fully leverage the capabilities of FICO Platform and realize faster, measurable business outcomes.

Announced a collaboration with NVIDIA to introduce an industry-first AI-powered Telco Network Operations Reasoning Agent. The solution is designed to help Communication Service Providers (CSPs) accelerate their journey toward Level 4+ (L4+) autonomous networks by transforming traditional Network Operations Centers (NOCs) into intelligent, closed-loop operations.

Announced a partnership with SCSK Asia Pacific. The partnership aims to accelerate the global expansion of SCSK’s ADVENTURECluster—an advanced fast-track product Computer-Aided Engineering development lifecycles for engineering organizations by streamlining the design and validation stages through cutting-edge CAE capabilities.

(CAE) solution and

Announced a partnership with Fortinet, a global cybersecurity leader driving the convergence of networking and security, to deliver a Managed Secure Access Service Edge (SASE) solution. The joint solution aims at enabling secure and scalable digital transformation for enterprises globally by combining Tech Mahindra’s advisory, transformation, and managed services covering networking and security, with the Fortinet Unified SASE solution.

Announced a partnership with Rubrik, a security and AI operations company. Together, the organizations will deliver a joint Cyber Recovery as a Service (CRaaS) solution to help enterprises restore operations quickly and securely following cyber incidents.

Analyst Recognitions – FY26

– Ranked in 550 analyst evaluations in FY 26

- 35% Positioned as Leaders (#1 Ranking)

- 90% Positioned in Top 2 Rankings

– 30 Co-authored Papers with Analysts

Highlights in FY26

– Gartner Emerging Market Quadrant for Generative AI Consulting and Implementation Services Oct 2025- Emerging Leader

– The Forrester Wave : AI Technical Services, Q4 2025 - A

Strong Performer

– Tech Mahindra named a Leader in the IDC MarketScape: India IT and Digital Transformation Services for Public Sector 2025 Vendor Assessment

Awards

Recognized as India’s Most Sustainable Company at BW Sustainable World Conclave

Listed in the Top 1% in the IT Services sector in the S&P Global Sustainability Yearbook 2026

Recognized among the Top 10 Desirable Service Companies by Unstop & People Matters

Rated A in CDP Supplier Engagement Assessment

Secured ninth place globally in the Brand Strength Index (BSI) rankings

Won Google Cloud Partner of the Year award for Manufacturing

Won the CIO Choice 2026 Award for delivering Mahindra & Mahindra’s enterprise-scale data and AI transformation

Quarterly Financial Statement

in USD millions

Revenue

Direct Cost

Gross Profit

SG&A

EBIT

EBIT %

Other Income, net

Miscellaneous + Interest Income, net

Exchange Gain / (Loss)

Profit After Tax

PAT %

EPS (Basic) in ₹

EPS (Diluted) in ₹

Q4 FY26

QoQ

YoY

0.9%

2.9%

5.5%

~70 bps

4.9%

11.0%

36.3%

~330 bps

15.6%

6.7%

1,625

1,123

502

228

223

13.8%

(31)

(1)

(30)

145

9.0%

15.27

15.24

* excludes exceptional items

FY26 Financial Statement

in USD millions

Revenue

Direct Cost

Gross Profit

SG&A

EBIT

EBIT %

Other Income, net

Miscellaneous + Interest Income, net

Exchange Gain / (Loss)

Profit Before Exceptional items and Tax

Exceptional Items (Labour Codes)

Provision for tax

Profit After Tax

PAT%

EPS (Basic) in ₹

EPS (Diluted) in ₹

FY26

YoY

6,385

4,486

1,899

890

797

12.6%

(32)

(52)

765

198

537

8.5%

54.28

54.19

1.9%

11.0%

31.4%

290 bps

24.6%

7.0%

* excludes exceptional items

About Tech Mahindra

Tech Mahindra (NSE: TECHM) offers technology consulting and digital solutions to global enterprises across industries, enabling

transformative scale at unparalleled speed. With 147,000+ professionals across 90+ countries helping 1100+ clients, Tech Mahindra

provides a full spectrum of services including consulting, information technology, enterprise applications, business process services,

engineering services, network services, customer experience & design, AI & analytics, and cloud & infrastructure services. It is the first Indian

company in the world to have been awarded the Sustainable Markets Initiative’s Terra Carta Seal, which recognizes global companies that

are actively leading the charge to create a climate and nature-positive future. Tech Mahindra is part of the Mahindra Group, founded in 1945,

one of the largest and most admired multinational federation of companies.

For more

information on how TechM can partner with you

to meet your Scale at Speed

imperatives, please visit

https://www.techmahindra.com/

.Investor Relations

Gaurav Sethi, IR Head Tel No.: +91 120 6176000 investor.relations@techmahindra.com

Disclaimer

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