Tech Mahindra's stock falls 2% despite doubling annual profit
Tech Mahindra's stock dropped 2% on Wednesday to ₹1,455.60, despite the company nearly doubling its annual profit and posting solid growth for Q1 FY26.
The stock is down over 13% this year, while the Sensex has actually gone up.
Good numbers don't always mean happy markets
Even with strong profits—a 30.9% jump in quarterly net profit—investors aren't convinced.
If you're tracking big tech or thinking about investing, it's a reminder that good numbers don't always mean happy markets.
Revenue was up just 2.7% year-on-year for the quarter
Revenue was up just 2.7% year-on-year for the quarter, but annual net profit almost doubled from last year to ₹4,244 crore.
Tech Mahindra also announced a ₹30 per share dividend and rolled out some shareholder-friendly moves like an extended share transfer window—but so far, these haven't turned things around for the stock price.