Board Meeting Details

  • Meeting held on Thursday, 15 October 2026
  • Commenced at 2:30 p.m. (IST) and concluded at 4:45 p.m. (IST)
  • Meeting adjourned to be convened on Friday, 16 October 2026

Key Decisions Approved

1. Audited Financial Results

  • Approved audited Consolidated and Standalone Financial Results for Q2 and H1 ended 30 September 2026
  • Includes Unmodified Audit Reports from Statutory Auditor

2. Interim Dividend Declaration

  • Declared Interim Dividend of ₹15 per equity share (face value ₹5 each), representing 300%
  • Record Date: Friday, 23 October 2026
  • Payment Date: By 13 November 2026 through electronic mode
  • Dividend will be paid to beneficial owners as per records from NSDL and CDSL for dematerialized shares, and members in Register of Members for physical shares

3. Bonus Share Issue and Capital Increase

  • Recommended 1:1 bonus share issue (one new fully paid-up bonus equity share of ₹5 each for every one existing share)
  • To be capitalized from Securities Premium Account and/or General Reserves and/or Retained Earnings and/or any other permitted Reserves
  • Increase in Authorised Share Capital from ₹924.3 crore to ₹1,000 crore
  • Consequential amendment to Clause V(a) of Memorandum of Association
  • Record Date for bonus shares to be intimated separately
  • Estimated completion: Within 2 months from Board approval (by 15 December 2026)

Bonus Issue Details (Regulation 30(6) Compliance)

| Parameter | Details |

| Security Type | Equity Shares of face value ₹5 each, fully paid-up |

| Issue Type | Bonus Issue |

| Number of Shares | 98,02,05,040 equity shares (estimated) |

| Issue Amount | ₹4,90,10,25,200 (estimated) |

| Capitalization Source | Securities Premium Account, General Reserves, Retained Earnings, other permitted Reserves |

| Bonus Ratio | 1:1 |

| Pre-Bonus Capital | Authorized: ₹9,24,30,00,000; Paid-up: ₹4,90,10,25,200 (98,02,05,040 shares) |

| Post-Bonus Capital | Authorized: ₹10,00,00,00,000; Paid-up: ₹9,80,20,50,400 (1,96,04,10,080 shares estimated) |

| Reserve Requirement | ₹490.10 crore (estimated) |

| Available Reserves (31 Mar 2026) | Securities Premium: ₹2,831.1 crore; Capital Redemption Reserve: ₹10.3 crore; Retained Earnings: ₹18,372.6 crore |

Financial Results Summary

Consolidated Results (₹ in Million)

Quarterly Performance

| Metric | Q2 FY27 | Q1 FY27 | Q2 FY26 |

| Revenue from Operations | 161,802 | 157,119 | 139,949 |

| Other Income | (74) | (1,064) | 400 |

| Total Income | 161,728 | 156,055 | 140,349 |

| Employee Benefits Expense | 82,321 | 78,766 | 76,291 |

| Subcontracting Expense | 18,477 | 17,909 | 14,436 |

| Finance Costs | 836 | 1,113 | 772 |

| Depreciation & Amortization | 4,914 | 4,786 | 4,687 |

| Other Expenses | 32,219 | 33,019 | 27,542 |

| Profit Before Tax | 22,961 | 20,419 | 16,593 |

| Tax Expense | 6,864 | 5,556 | 4,576 |

| Profit After Tax | 16,097 | 14,863 | 12,017 |

| PAT attributable to Owners | 15,856 | 14,651 | 11,945 |

| Basic EPS (₹) | 17.88 | 16.53 | 13.48 |

| Diluted EPS (₹) | 17.84 | 16.50 | 13.46 |

Half-Yearly Performance (H1 FY27)

| Metric | H1 FY27 | H1 FY26 |

| Revenue from Operations | 318,921 | 273,461 |

| Profit Before Tax | 43,380 | 32,774 |

| Profit After Tax | 30,960 | 23,305 |

| PAT attributable to Owners | 30,507 | 23,351 |

Standalone Results (₹ in Million)

Quarterly Performance

| Metric | Q2 FY27 | Q1 FY27 | Q2 FY26 |

| Revenue from Operations | 137,424 | 132,186 | 120,676 |

| Profit Before Tax | 22,043 | 15,097 | 15,334 |

| Profit After Tax | 16,138 | 11,379 | 11,757 |

| Basic EPS (₹) | 16.45 | 11.60 | 11.99 |

Segment Performance (Consolidated)
  • IT Services Revenue: ₹136,118 million (Q2 FY27), up 1.7% QoQ
  • BPS Revenue: ₹25,684 million (Q2 FY27), up 3.3% QoQ

Key Financial Metrics

  • USD Revenue: $1,693 million, up 2.0% QoQ, 6.8% YoY
  • Constant Currency Growth: 7.2% YoY
  • EBIT: $250 million, up 4.9% QoQ, 30.4% YoY
  • EBIT Margin: 14.8%, up ~40 bps QoQ, ~260 bps YoY
  • PAT Margin: 9.8%, up 130 bps YoY
  • New Deal Wins TCV: $1,023 million, up 25.4% YoY
  • LTM Deal Wins: $4,270 million, up 34.8% YoY
  • Free Cash Flow: $135 million
  • Days Sales Outstanding: 88 days
  • Cash & Cash Equivalents: ₹7,330 crores

Headcount and Attrition

  • Total Headcount: 152,206
  • IT Headcount: 76,617 (up 1,928 QoQ)
  • LTM IT Attrition: 11.7%
  • Utilization: 88.9%

Client Metrics

  • $50M+ clients: 33 (up 7 YoY)
  • $20M+ clients: 66 (up 3 YoY)
  • $10M+ clients: 118
  • $5M+ clients: 199
  • $1M+ clients: 516

Emphasis of Matter in Auditor's Report

  • Relates to erstwhile Satyam Computer Services Limited amalgamated with effect from 1 April 2011
  • Claims made by 37 companies for alleged advances amounting to ₹12,304 million
  • Amount disclosed as "Suspense Account (net)" as required by Hon'ble High Court of Hyderabad
  • Management believes claims will not be payable on final adjudication based on current legal status and external legal opinion
  • No additional developments requiring adjustments to financial results

Other Significant Matters

  • During H1 FY27, 317,833 shares allotted upon exercise of vested stock options, increasing paid-up capital by ₹2 million
  • Effective November 21, 2025, impact of New Labour Codes presented as Exceptional Item: ₹2,724 million (consolidated), ₹2,452 million (standalone)
  • Acquisition of 100% equity in Alyis Serviços Técnicos LTDA (July 1, 2026) for BRL 1.2 million (₹22 million)
  • Acquisition of remaining 20% equity in Tech Mahindra Arabia Limited (July 27, 2026) for SAR 83.7 million (₹2,148 million)

Enclosures

  • Audited Consolidated and Standalone Financial Results with notes
  • Unmodified Audit Reports from Statutory Auditor
  • Press Release on Audited Financial Results
  • Quarterly Earnings Presentation
  • Annexure A: Bonus issue details under Regulation 30(6)