Tech Mahindra recommends 1:1 bonus issue for Tech Mahindra stock

Published on 10/16/2026 at 10:16 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Tech Mahindra declares INR 15 dividend for October 23, 2026. Tech Mahindra stock posted Q2 revenue of INR 161.8 billion, up 15.6 percent year over year.

Corporate actions meet operating gains

Tech Mahindra's board recommended a 1:1 bonus issue on October 15, 2026.
Q2 FY27 revenue reached USD 1.693 billion with 6.8 percent year-over-year growth.
Prabhudas Lilladher raised its target to INR 1,910 on October 16, 2026.

Tech Mahindra, INE669C01036, Illustration mit AI erstellt.

Tech Mahindra (INE669C01036) recommended a 1:1 bonus issue and declared an interim dividend of INR 15 per share on October 15, 2026, according to Tech Mahindra. The company also reported second-quarter revenue of USD 1.693 billion, up 6.8 percent year over year, while EBIT margin reached 14.8 percent.

Q2 growth supports the payout

The quarter ended September 30, 2026, produced USD 250 million of EBIT, up 30.4 percent year over year, and USD 166 million of profit after tax, up 23.2 percent, the company said in its October 15 release. New deal wins reached USD 1.023 billion, 25.4 percent above the year-ago quarter, extending a run of four consecutive quarters above USD 1 billion.

The Indian-currency figures show the same direction. Revenue rose 15.6 percent year over year to INR 161.8 billion, while profit after tax increased 32.7 percent to INR 15.9 billion in Q2 FY27, according to Business Standard.

What does the bonus mean for stockholders?

The bonus proposal would provide one additional share for each existing share, subject to shareholder approval. The interim dividend is INR 15 per share, equal to 300 percent of the INR 5 face value, according to PSU Connect.

Three milestones shape the story

On October 7, 2026, Tech Mahindra expanded Google Cloud Gemini Enterprise readiness across more than 12,500 associates, according to Mahindra. On October 15, 2026, Q2 revenue reached USD 1.693 billion and deal wins reached USD 1.023 billion, according to Tech Mahindra. On October 15, 2026, the board recommended the 1:1 bonus issue and declared the INR 15 interim dividend, according to Tech Mahindra.

Dates shareholders will track

The interim dividend record date is October 23, 2026, and payment is scheduled by November 13, 2026, according to PSU Connect. The bonus issue record date will be announced separately after the approval process.

Analyst target moves above the market

Prabhudas Lilladher retained its Buy recommendation and raised its target from INR 1,900 to INR 1,910 on October 16, 2026, according to DSIJ. The target lies 7.64 percent above the INR 1,774.50 price on NSE at 1:45 p.m. IST on October 16, 2026. The broker also lifted its FY27 constant-currency revenue growth estimate from 6.0 percent to 7.0 percent.

Stock trades during the Indian session

Tech Mahindra was trading at INR 1,774.50 on NSE at 1:45 p.m. IST on October 16, 2026. Its 52-week range was INR 1,304.10 to INR 1,854.00, while market capitalization stood at INR 1.7 trillion at the same market-data timestamp.