Tech Mahindra Q2 profit jumps 33%
Tech Mahindra reported a 32.7% year-on-year increase in net profit for the second quarter, reaching ₹1,586 crore. The company attributed its growth to strong performance in manufacturing and communications, alongside a resilient business model that minimizes reliance on H-1B visas.
Why it matters
The company's success highlights how Indian IT firms are adapting to stricter U.S. visa regulations by prioritizing local hiring strategies.
Tech Mahindra Q2 profit jumps 33% left Tech Mahindra Pune campus Special Arrangement Special Arrangement https://th-i.thgim.com/public/business/gxvu8q/article71589603.ece/alternates/FREE_1200/Tech%20Mahindra.jpeg Company’s business model was resilient against H-IB visa tightening due to its low dependency on foreign labour pools and focus on local (US) hiring, says Mohit Joshi Bengaluru Tech Mahindra reported a 32.7% year-on-year (YoY) rise in second-quarter net profit to ₹1,586 crore, driven primarily by its manufacturing and communications verticals. Revenue grew 15.6% to ₹16,180 crore. Sequentially, net profit and revenue rose 8.2% and 3%, respectively. EBIT increased 40.5% to ₹2,387 crore.
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