Type of Event: Quarterly earnings conference call for the quarter ended 30 September 2026 (Q2 FY27)

Date and Time: The conference call was held on Thursday, 15 October 2026 after the meeting of the Board of Directors. The specific time was not mentioned in the document.

Purpose of Event: Discussion of quarterly results for Q2 FY27, strategic updates, and business performance review.

Timing Relative to Earnings: The meeting was held after the earnings announcement, as referenced by the audio recording filed on 15 October 2026 and this transcript filed on 21 October 2026.

Management Participants:

  • Mr. Mohit Joshi – Chief Executive Officer and Managing Director
  • Mr. Rohit Anand – Chief Financial Officer
  • Mr. Atul Soneja – Chief Operating Officer

Availability of Materials: The transcript of the quarterly earnings conference call is available on the company's website at: https://insights.techmahindra.com/investors/tml-q2-fy-27-earnings-transcript.pdf

UPSI Compliance: The company explicitly stated that "no unpublished price sensitive information has been shared during the aforesaid meeting" and that they "referred to publicly available documents for discussions."

Financial Period Discussed: Quarter ended 30 September 2026 (Q2 FY27)

Financial Highlights:

  • Revenue: US$1.693 billion, up 6.8% YoY reported, 7.2% constant currency growth
  • EBIT: US$250 million with EBIT margin of 14.8%, up 40 bps QoQ and 260 bps YoY
  • PAT: US$166 million, representing 23.2% increase YoY
  • Deal wins: US$1.023 billion for the quarter
  • Last 12-month deal wins: US$4.270 million, up 34.8% YoY
  • Free cash flow: US$135 million for the quarter
  • DSO: 88 days, up 4 days QoQ but down 6 days YoY
  • Return on capital employed: 31.2% for the quarter

Vertical Performance (YoY Growth):

  • Communications: 9.5% growth
  • BFSI: 4.6% growth
  • Manufacturing: 7% growth
  • Hi-Tech: 6.7% growth
  • Retail, Travel and Logistics: 9.2% growth
  • Healthcare: 6.2% growth

Forward-Looking Statements:

  • The company reiterated its full-year FY27 EBIT margin target of 15%
  • Expects to introduce AI revenue reporting as part of H2 FY27 disclosures
  • Announced 1:1 bonus share issue recommendation by the Board
  • Declared interim dividend of INR15 per share
  • Maintains capital allocation policy of returning 85% and above of free cash flow to shareholders

Strategic Themes:

  • Project Helix AI initiative with focus on industry-specific AI solutions
  • Zero-Gravity Telco Architecture framework
  • Consumer Agentic Experience Studio
  • Partnerships with AWS, ServiceNow, Cisco, SpaceX.ai, NVIDIA, and others
  • Quantum computing initiatives including partnership with IHub Quantum Technology Foundation

Additional Notes Section

The document includes the full transcript of the earnings conference call with management commentary and Q&A session with analysts. No financial data beyond what was previously disclosed in earnings results was shared in this announcement. The company emphasized compliance with SEBI Listing Regulations (Regulations 30 and 46) regarding disclosure requirements.