• Full-year financial performance: Tech Mahindra reported FY26 revenue of $6.385 billion, up 1.9% on a reported basis and 0.6% in constant currency, while operating profit rose 31.4% to $797 million with margins expanding 290 basis points to 12.6%.
• Annual deal momentum: Total deal wins for the year grew 42% year-on-year to $3.794 billion, bolstered by two consecutive quarterly mega deals, including a five-year digital transformation partnership with Orange Business.
• Vertical revenue performance: Growth was led by the retail, travel, transportation, and logistics vertical at 7.3% year-on-year, followed by manufacturing at 5.9% and BFSI at 3.7%, whereas healthcare declined 0.6% and high-tech fell 2.7%.
• Capital allocation policy: Free cash flow reached $616 million (115% of reported PAT), enabling a total dividend announcement of Rs 51 per share for the year, representing a 104% payout ratio of PAT.