Tech Mahindra declares Rs 36/share final dividend; sets July 3 as record date

IT major Tech Mahindra's board on Wednesday recommended a final dividend of Rs 36 per equity share for the financial year ended March 31, 2026. The company has set July 3 as the record date to determine shareholders' eligibility to receive the dividend.

While the final dividend will be paid only after members' approval at the upcoming Annual General Meeting (AGM), with this dividend, the total dividend payout for FY26 will be Rs 51 per equity share.

In November, the company had paid an interim dividend of Rs 15 per equity share.

The dividend was announced along with the company's March quarter earnings, where the company reported a 16% year-on-year (YoY) growth in its consolidated net profit at Rs 1,354 crore. Its revenue from operations in the reporting period increased 13% YoY to Rs 15,076 crore.

The earnings were released during market hours, and Tech Mahindra shares rebounded from the day’s low of Rs 1,404.10 on the NSE to trade at Rs 1,487.10 around 2:10 pm. The stock had dropped as much as 6.4% intraday before recovering most of the losses.

The company's Earnings Before Interest and Taxes (EBIT) stood at Rs 2,084 crores, up 10.2% QoQ, up 48.3% YoY. Its cash & cash equivalent at the end of the quarter stood at Rs 8,456 crore.

The dollar revenue in the quarter under review stood at $1,625 million, up 0.9% QoQ and up 4.9% YoY in reported terms while rising 0.6 % QoQ and 2.4% YoY in constant currency terms.

The USD EBIT stood at 223 million, up 5.5% QoQ and 36.3% YoY, while EBIT margin was reported at 13.8%, up 70 bps QoQ and 330 bps YoY.

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