Tech Mahindra recommends 1:1 bonus issue and INR 15 dividend for Tech Mahindra stock

Published on 10/19/2026 at 10:11 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 revenue reached INR 161,802 million on October 15, 2026, up 15.6 percent year over year. The board declared INR 15 per Tech Mahindra stock.

Shareholder actions follow strong results

On October 15, 2026, Tech Mahindra reported second-quarter revenue of INR 161,802 million.
Second-quarter EBIT reached INR 23,871 million, up 40.5 percent year over year.
The interim dividend record date is October 23, 2026, with payment due by November 13, 2026.

Tech Mahindra, INE669C01036, Illustration mit AI erstellt.

Tech Mahindra (ISIN INE669C01036) reported INR 161,802 million of revenue in the second quarter of fiscal 2027, up 15.6 percent year over year. In its October 15, 2026 release, Tech Mahindra recommended a 1:1 bonus share issue and declared an INR 15 interim dividend.

What changed in the second quarter?

The operating result provided the strongest signal. EBIT rose 40.5 percent year over year to INR 23,871 million in Q2 FY27, while the EBIT margin reached 14.8 percent, up from 12.2 percent in the year-ago quarter, according to the company release.

Profit after tax increased 32.7 percent year over year to INR 15,856 million. Revenue also grew 3.0 percent sequentially from INR 157,119 million in the first quarter, while new deal wins reached USD 1,023 million, up 25.4 percent year over year.

What comes next for shareholders?

The shareholder actions add a second dimension to the results. According to The Economic Times on October 15, 2026, the bonus proposal would give one new share for every existing share, subject to shareholder approval. The bonus record date will be announced separately.

The interim dividend record date is October 23, 2026, and payment is scheduled by November 13, 2026, according to the same dated report. The company had 152,206 employees at the end of the quarter, while trailing twelve-month information technology attrition stood at 11.7 percent, as reported by Business Standard on October 15, 2026.

Analyst target adds a valuation marker

Motilal Oswal reiterated a Buy rating and set a target of INR 1,950 in research dated October 15, 2026. The report valued Tech Mahindra at 20 times estimated fiscal 2028 earnings per share, while its Q2 note highlighted a 14.8 percent EBIT margin and USD 1,023 million of deal wins, according to Moneycontrol.

Stock trades below its yearly high

On the NSE, Tech Mahindra was trading at INR 1,766.40 on October 19, 2026 at 1:40 p.m. IST. Its 52-week range was INR 1,304.10 to INR 1,854.00, placing the quote below the upper end of that range. The market capitalization was INR 1.6 trillion as of the same date.