India, July 18 -- Tech Mahindra has reported a strong start to the financial year 2025-26 with a consolidated net profit surging by 34% YoY in the first quarter (Q1 FY26). The company presents a nuanced picture. The sequential decline in revenue indicates ongoing macroeconomic headwinds impacting client spending.

Tech Mahindra's operational performance in Q1 FY26 showcased a strategic recalibration in response to evolving market demands. Within its core businesses, the IT Services segment emerged as the dominant revenue driver, contributing a substantial 84.4% of the total revenue by posting Rs. 11,263.7 crores. This segment recorded a 2.8% year-on-year growth, though it experienced a slight sequential decline of 0.6%, with its EBIT marg...