How This Coimbatore SaaS Firm Cracked Hidden Enterprise Problem Costing Millions
Founded in 2015, now based in Portland, Responsive supports more than 20% of Fortune 100 companies
- Published on July 16, 2025
- In IT Services
Tech Mahindra Beats TCS, HCLTech Blues with 34% Profit Surge in Q1 FY26
The company built 200+ enterprise AI agents and bagged new deal wins worth $809 million this quarter.
- By Mohit Pandey
After a bleak quarter for TCS, and a moderately AI-led quarter for HCLTech, all eyes were on Tech Mahindra for Q1 FY26. And it indeed met that expectation, much in line with FY25 earnings.
Tech Mahindra has opened the new fiscal with a 33.95% jump in net profit, touching ₹1,140.6 crore in Q1 FY26—just shy of last quarter’s ₹1,167 crore, but well ahead of analyst expectations.
While revenue growth remained under pressure at ₹13,351 crores, up 2.7% YoY—as expected—the company’s focus on cost discipline and large deals helped offset the drag. Revenue declined sequentially, in line with the anticipated 0.8% drop in constant currency terms.
However, strong margin expansion and robust deal momentum kept the narrative optimistic. “We have delivered seven con
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Mohit Pandey
Mohit writes about AI in simple, explainable, and often funny words. He's especially passionate about chatting with those building AI for Bharat, with the occasional detour into AGI.
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