MUMBAI: IT firm Tech Mahindra's consolidated net profit for the second quarter of the current financial year (Q2 FY26) fell 4.5 per cent on year-on-year (YoY) to Rs 1,195 crore, the company said in an exchange filing on Tuesday.

The IT company reported a net profit of Rs 1,250 crore in the same quarter a year ago (Q2 FY25).

However, Tech Mahindra reported a 5.1 per cent YoY rise in its revenue from operations for the quarter at Rs 13,995 crore, up from Rs 13,351 crore, driven by solid growth in its banking and manufacturing verticals.

This came despite lingering concerns over US tariff changes and a tightening visa regime.

On a sequential basis, the company’s net profit and revenue grew 4.7 per cent and 4.8 per cent, respectively. The company's net profit and revenue from operations i

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