Executive Summary
Across the 25 filings for the India BSE IT stream (18 new, 7 contextual), the dominant theme is strong top-line momentum paired with margin and cash-conversion pressure.
Tech Mahindra (Q2 FY27 revenue ₹16,180 Cr, up ~15-16% YoY, EBIT up 40.5%) and Persistent Systems (consolidated revenue ₹46,639 Cr, up 30.2% YoY) both grew headline revenue strongly, but Persistent's PAT fell 25.4% YoY as employee costs (+22.4%) and other expenses (+125.7%) outpaced revenue, and its Nagarro acquisition (100% at EUR 81/share, ~94.04% secured) is pressuring ROCE and cash conversion. Wipro showed the clearest demand-side warning: consolidated profit fell 1.9% YoY, total bookings dropped 22.9% QoQ in constant currency and large deal bookings fell 58.6% QoQ, though its completed ₹15,051 Cr buyback and standalone PAT growth of 9.5% offset some concern. Capital returns were prominent, led by Tech Mahindra's ₹15 interim dividend (record date 23 Oct 2026) and a 1:1 bonus recommendation, with the TCS BBY Services acquisition completed and the Oracle FS and KPIT board meetings (23 and 28 Oct) acting as near-term catalysts. Auditor emphasis-of-matter items on Tech Mahindra's ₹12,304 Mn Satyam claims remain a recurring governance watch point. Several filings are procedural with no figures, limiting quantitative comparison.
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Filing types in this digest: Corporate governance · Corporate action · Company update · Board meeting
Tracking the trend? Catch up on the prior BSE IT Technology Sector Regulatory Filings digest from October 14, 2026.
Investment Signals (10)
- Tech Mahindra ↓ (BULLISH)▲
Q2 FY27 revenue up ~15.6% YoY, EBIT up 40.5% YoY, PAT up 32.7-33.9% YoY, plus ₹15 interim dividend and 1:1 bonus recommendation (record date 23 Oct 2026)
- Persistent Systems ↓ (BULLISH)▲
Q2 FY27 consolidated revenue up 30.2% YoY and USD revenue up 20.0%, with order bookings of $633.5M TCV and Software/Hi-Tech segment revenue up 39.2% YoY
- Wipro ↓ (BULLISH)▲
Completed ₹15,051 Cr buyback of 600M shares at ₹250; standalone PAT up 9.5% YoY and standalone PBT up 9.8% YoY, supporting per-share returns
- Tata Consultancy Services ↓ (BULLISH)▲
Completed 100% acquisition of BBY Services India LLP (wholly owned subsidiary effective 15 Oct 2026) and launched Industrial Intelligence Foundry targeting claimed 25% faster NPI timelines and 20-25% productivity gains
- LTM (formerly LTIMindtree) (BULLISH)▲
Won multi-million-dollar, three-year managed services transformation deal with a North American specialty engineering firm, consolidating multi-vendor services under an AI-led model
- Wipro ↓ (BEARISH)▲
Total bookings fell 22.9% QoQ (constant currency) to $2,595M and large deal bookings fell 58.6% QoQ to $674M, signalling weakening order momentum
- Persistent Systems ↓ (BEARISH)▲
Consolidated PAT fell 25.4% YoY to ₹3,515 Cr and operating PAT grew only 2.5% QoQ/5.0% YoY, with ROCE down to 24.4% from 45.5% and OCF/PAT down to 94.7% from 102.2%
- Wipro ↓ (BEARISH)▲
Consolidated profit declined 1.9% YoY (₹31,997 Mn vs ₹32,624 Mn) and 4.6% QoQ, while Americas 1 segment revenue fell 1.3% QoQ and Americas 1 segment result dropped 7.3% YoY
- Tech Mahindra ↓ (BEARISH)▲
Consolidated other income turned negative at ₹(74) Mn in Q2 FY27 (vs ₹400 Mn a year earlier) and free cash flow fell to $135M from $237M, with FCF/PAT dropping to 81% from 176%
- Hexaware Technologies ↓ (BULLISH)▲
Board to consider a 2nd interim dividend for FY2026 via circular resolution circulated 20 Oct 2026, with amount not yet disclosed
Risk Flags (8)
- Persistent Systems/Margin Compression↓ [HIGH RISK]▼
Employee benefits up 22.4% YoY and other expenses up 125.7% YoY against revenue growth of 30.2%, with EBIT margin of 15.0% and operating PAT margin of 10.6% vs 11.2% prior period
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Pending 100% Nagarro SE acquisition at EUR 81/share, combined equity and borrowings capped at USD 1,250M, with ROCE falling to 24.4% from 45.5% and DSO rising to 86 days from 81 days
- Wipro/Demand Pipeline↓ [HIGH RISK]▼
Bookings down 22.9% QoQ in constant currency and large deal bookings down 58.6% QoQ, with net income down 4.7% QoQ and 1.9% YoY, and Americas 2 revenue flat QoQ
- Tech Mahindra/Governance↓ [MEDIUM RISK]▼
Auditor emphasis of matter on ₹12,304 Mn of Satyam-related claims by 37 companies held under Suspense Account (net), with management stating they are not expected to be payable; unresolved despite unmodified opinion
- Tech Mahindra/Earnings Quality↓ [MEDIUM RISK]▼
Labour Codes exceptional charge of ₹2,724 Mn consolidated (₹2,452 Mn standalone) booked in Q2, and standalone revenue growth (+13.9-16.0% YoY) lagging consolidated growth, with standalone six-month PAT growth of 16.9%
- Persistent Systems/Cash Conversion↓ [MEDIUM RISK]▼
OCF-to-PAT ratio declined to 94.7% from 102.2%, DSO up to 86 days from 81 days YoY, and Free Cash Flow to PAT reportedly weakening, while Operating PAT lagged headline revenue growth
- Wipro/Segment Weakness↓ [MEDIUM RISK]▼
Americas 1 segment revenue fell to ₹84,985 Mn from ₹86,087 Mn QoQ, and consolidated other income fell 20.3% YoY to ₹7,555 Mn, pressuring consolidated profitability
- Tech Mahindra/Other Income Volatility↓ [MEDIUM RISK]▼
Consolidated other income negative in both Q1 and Q2 FY27 (₹(1,064) Mn and ₹(74) Mn), indicating FX or treasury-related drag that masks operating performance
Opportunities (8)
- Tech Mahindra/Capital Return Catalyst↓ (OPPORTUNITY)◆
₹15 interim dividend (record date 23 Oct 2026, payment by 13 Nov 2026) and 1:1 bonus issue (98.02 crore shares, ₹490.10 Cr capitalised, credit by 15 Dec 2026) with authorised capital increase to ₹1,000 Cr pending postal ballot
- Persistent Systems/Nagarro Synergy↓ (OPPORTUNITY)◆
Consolidation of Nagarro (94.04% held) could add scale in engineering services; management's USD 450M equity raise approval provides financing flexibility
- Wipro/Buyback Support↓ (OPPORTUNITY)◆
Completed ₹15,051 Cr buyback at ₹250 per share, with consolidated EPS of ₹3.23 vs ₹3.10 (+4.2% YoY) and standalone PAT growth of 9.5%, signalling management confidence in valuation
- Tata Consultancy Services/Industrial AI↓ (OPPORTUNITY)◆
Industrial Intelligence Foundry targets aerospace, semiconductors, mobility and utilities, with HFS data indicating industrial clients plan to double physical AI spend over two years
- LTM/Managed Services Expansion (OPPORTUNITY)◆
New AI-led managed services deal with a multi-vendor consolidation thesis supports multi-year revenue visibility and margin improvement through automation
- Tech Mahindra/Operating Leverage↓ (OPPORTUNITY)◆
EBIT up 40.5% YoY on revenue growth of ~15%, with PAT up ~33%, indicating meaningful operating leverage if other income normalises
- Persistent Systems/Segment Strength↓ (OPPORTUNITY)◆
Software, Hi-Tech and Emerging Industries revenue up 39.2% YoY to ₹19,944 Cr and Healthcare & Life Sciences up 21.6% to ₹10,980 Cr, indicating diversified demand
- Hexaware/Dividend Optionality↓ (OPPORTUNITY)◆
Second FY2026 interim dividend under consideration on 20 Oct 2026, potentially adding to shareholder returns following earlier distributions
Sector Themes (6)
- Top-Line Growth Versus Margin Pressure◆
Persistent (+30.2% revenue, -25.4% PAT), Tech Mahindra (+15.6% revenue, +32.7% PAT) and Wipro (+9.1% revenue, -1.9% PAT) show revenue growth not translating uniformly into profit, driven by employee cost inflation (Persistent +22.4%) and other-income swings. [Implication: favour companies with demonstrated operating leverage over headline growth.]
- Acquisition-Led Expansion◆
Persistent (Nagarro, EUR 81/share), TCS (BBY Services completion) and LTM (multi-vendor consolidation) reflect inorganic and deal-led strategies, with integration costs and ROCE dilution visible in Persistent's numbers. [Implication: monitor integration execution and funding structures.]
- Capital Allocation Toward Shareholders◆
Tech Mahindra (interim dividend plus 1:1 bonus), Wipro (completed ₹15,051 Cr buyback) and Hexaware (2nd interim dividend under consideration) indicate sustained shareholder return programmes despite mixed operating results. [Implication: capital returns may be supporting per-share metrics during demand softness.]
- Order Book and Demand Divergence◆
Persistent reported $633.5M TCV bookings while Wipro's total bookings fell 22.9% QoQ and large deals fell 58.6%, pointing to uneven demand across large-cap IT. [Implication: bookings momentum is becoming a key differentiator.]
- Governance and Legacy Liabilities◆
Tech Mahindra's Satyam-related ₹12,304 Mn claims under Suspense Account and recurring auditor emphasis of matter highlight legacy-liability overhang that persists across filings. [Implication: resolution timing remains uncertain and worth tracking.]
- AI-Led Service Repositioning◆
TCS's Industrial Intelligence Foundry and LTM's AI-led managed services model reflect the sector's push to package AI into domain-specific, outcome-linked offerings. [Implication: AI productisation is becoming central to growth narratives.]
Watch List (8)
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Record date 23 Oct 2026 for ₹15 interim dividend; bonus credit expected by 15 Dec 2026 subject to postal ballot approval
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Investor call 15 Oct 2026 at 5:00 PM IST; monitor squeeze-out or full consolidation timing and margin trajectory in Q3
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Board meeting 23 Oct 2026 to approve unaudited quarter and half-year results; a key read on BFSI-focused IT demand
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Investor conference call 23 Oct 2026 at 5:30 PM IST to discuss Q2 and H1 FY27 performance, with transcript archived on IR site
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Board to consider via circular resolution circulated 20 Oct 2026; amount and record date pending
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Board meeting 28 Oct 2026 for unaudited Q2 FY27 results, with trading window closed since 1 Oct 2026
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Monitor whether large deal bookings and total bookings rebound from the 58.6% and 22.9% QoQ declines in upcoming disclosures
- TCS/Industrial AI Adoption👁
Track early client wins and revenue disclosure from the Industrial Intelligence Foundry launch following the BBY Services integration
Filing Analyses
(25)
15-10-2026
Tech Mahindra reported audited consolidated Q2 FY27 (quarter ended 30 September 2026) revenue from operations of ₹161,802 Million (₹16,180 crore), up 3.0% QoQ and 15.6% YoY in INR terms, with EBIT of ₹2,387 crore, up 40.5% YoY, and PAT of ₹1,586 crore, up 32.7% YoY. The Board declared an interim dividend of ₹15 per share and recommended a 1:1 bonus issue, while the auditors issued an unmodified opinion with an Emphasis of Matter on the ₹12,304 Million erstwhile Satyam 'alleged advances' claims. Growth was mixed: the Other Income line was negative (₹(74) Million for the quarter, versus ₹400 Million a year earlier), and the Other Expenses and Finance Cost lines moved in varying directions across periods.
- · Other Income declined to a negative ₹(74) Million in Q2 FY27 from ₹400 Million in Q2 FY26, and was negative in Q1 FY27 as well (₹(1,064) Million).
- · Free cash flow fell to $135 Mn from $237 Mn a year ago, with Free Cash Flow to PAT declining to 81% from 176%.
- · Days Sales Outstanding rose to 88 days from 94 days a year ago (improved YoY) but up from 84 days in Q1 FY27.
- · Top 5 client concentration rose to 15.3% from 15.6% YoY (slightly lower) but up from 14.7% in Q1 FY27; Top 20 rose to 38.0% from 37.1% YoY.
- · Sequentially, the Other Expenses line rose to ₹32,219 Million in Q2 FY27, while the Communications vertical grew 9.5% YoY and Manufacturing grew 7.0% YoY, with Manufacturing down 3.9% QoQ.
- · Standalone PAT rose 37.3% YoY to ₹1,614 crore-equivalent (₹16,138 Million), while standalone revenue grew 13.9% YoY to ₹137,424 Million.
- · Exceptional item of ₹2,724 Million (consolidated) for New Labour Codes was recognized in FY26 but did not recur in Q2 FY27.
- · Subsidiary acquisition of remaining 20% in Tech Mahindra Arabia Limited for SAR 83.7 Mn (₹2,148 Million) completed July 27, 2026; separate Alyis acquisition for ₹22 Million on July 1, 2026.
- · Cash used in financing activities rose to ₹(40,312) Million for six months, driven by dividend payments of ₹(32,229) Million.
15-10-2026
Tech Mahindra's Board, meeting on 15 October 2026, approved the audited consolidated and standalone financial results for the quarter and half year ended 30 September 2026, declared an interim dividend of Rs. 15 per equity share (300% on Rs. 5 face value) with a record date of 23 October 2026, and recommended a 1:1 bonus issue of equity shares and an increase in authorised share capital from Rs. 924.3 crore to Rs. 1,000 crore, subject to shareholder approval via postal ballot. The bonus issue would total 98,02,05,040 equity shares (Rs. 490.10 crore) and is expected to be credited within two months of Board approval, i.e. by 15 December 2026.
- · Interim dividend payment deadline is 13 November 2026, paid electronically to eligible members
- · Bonus record date will be intimated separately; actual share counts depend on shares outstanding on that date
- · Statutory auditor B S R & Co. LLP issued an unmodified opinion on the consolidated results, with an emphasis of matter on Satyam-related claims of Rs. 12,304 million placed under Suspense Account
- · Board meeting adjourned to 16 October 2026
- · Bonus issue to be funded from Securities Premium, General Reserves, Retained Earnings and/or other permitted reserves, all as per audited FY2025-26 statements
15-10-2026
Tech Mahindra's Board, meeting on 15 October 2026, approved audited consolidated and standalone financial results for the quarter and half year ended 30 September 2026 (with unmodified audit reports), declared an interim dividend of Rs. 15 per share (300% of the Rs. 5 face value) with a record date of 23 October 2026 and payment by 13 November 2026, and recommended a 1:1 bonus issue of 98,02,05,040 equity shares (Rs. 490.10 crore to be capitalised from reserves) plus an increase in authorised share capital from Rs. 924.3 crore to Rs. 1,000 crore, subject to shareholder approval via postal ballot. The filing does not disclose the revenue, profit, or growth figures for the quarter, so no period-over-period performance comparison can be drawn from this document.
- · Board meeting ran from 2:30 p.m. to 4:45 p.m. IST on 15 October 2026 and was adjourned to 16 October 2026
- · Bonus shares to be credited/dispatched within 2 months of Board approval, i.e. by 15 December 2026
- · Auditor's emphasis of matter: Rs. 12,304 million in claims by 37 companies against erstwhile Satyam, presented under Suspense Account (net); management believes these will not be payable and the audit opinion is unmodified
- · Record Date for bonus entitlement to be intimated separately
15-10-2026
Tech Mahindra's Board, meeting on 15 October 2026, approved audited consolidated and standalone financial results for Q2 and H1 FY2026-27 (ended 30 September 2026) with unmodified audit reports, declared an interim dividend of Rs. 15 per equity share (300% on Rs. 5 face value) with a record date of 23 October 2026 and payment by 13 November 2026, and recommended a 1:1 bonus issue of equity shares plus an increase in authorised share capital from Rs. 924.3 crore to Rs. 1,000 crore, subject to shareholder approval via postal ballot. The filing does not disclose the quarter's revenue, profit or year-on-year comparisons, so no period-over-period performance trend can be assessed from this document.
- · Record Date for interim dividend is Friday, 23 October 2026; payment by 13 November 2026 electronically.
- · Bonus shares estimated to be credited/dispatched within 2 months of Board approval, i.e. by 15 December 2026.
- · Auditor's Emphasis of Matter: Rs. 12,304 million of claims by 37 companies in City Civil Court against erstwhile Satyam are presented under 'Suspense Account (net)'; management believes these will not be payable. Audit opinion not modified.
- · Bonus issue and authorised capital increase require shareholder approval through postal ballot; bonus record date to be intimated separately.
- · Board meeting was adjourned to reconvene on Friday, 16 October 2026.
15-10-2026
Persistent Systems Limited reported standalone and consolidated audited results for the quarter and six months ended September 30, 2026. Consolidated revenue from operations for Q2 FY27 was ₹46,639.04 Cr, up 30.2% YoY from ₹35,807.20 Cr, but consolidated profit after tax fell to ₹3,515.14 Cr from ₹4,714.70 Cr (down 25.4% YoY), reflecting higher employee costs, other expenses and a deferred tax credit. The Board also disclosed the proposed acquisition of 100% of Nagarro SE at EUR 81 per share, with the company holding about 94.04% of Nagarro SE as of October 6, 2026.
- · Consolidated operating (EBIT-level) segment results: Software, Hi-Tech and Emerging Industries segment revenue rose to ₹19,943.86 Cr from ₹14,324.28 Cr YoY (+39.2%), while Healthcare & Life Sciences grew 21.6% to ₹10,980.41 Cr.
- · Consolidated employee benefits expense rose to ₹23,818.11 Cr from ₹19,460.96 Cr YoY (+22.4%), and other expenses rose to ₹9,346.07 Cr from ₹4,140.56 Cr (+125.7%), the main drivers of margin compression.
- · Consolidated deferred tax was a credit of ₹752.87 Cr in the quarter versus a ₹256.90 Cr credit a year earlier, lowering the total tax expense to ₹1,021.70 Cr from ₹1,453.62 Cr.
- · Consolidated Q2 FY27 PAT of ₹3,515.14 Cr declined 27.2% QoQ from ₹4,830.43 Cr in Q1 FY27, and consolidated profit before tax fell 27.2% QoQ.
- · Consolidated cash and cash equivalents rose to ₹16,311.85 Cr from ₹10,008.01 Cr a year earlier, while consolidated total assets reached ₹130,305.15 Cr, up from ₹98,900.72 Cr, partly reflecting goodwill and intangibles of ₹14,543.52 Cr from acquisitions.
- · The EGM on October 5, 2026 approved long-term debt financing up to USD 1,250 million (ECB, NCDs, etc.) and equity-linked fundraising up to USD 450 million (FCCB, preferential issue, QIP, etc.) within that overall limit.
- · The Company has issued a corporate guarantee of up to EUR 1,540 million in favour of BidCo to secure a EUR 1,400 million bridge facility from Barclays Bank PLC.
- · Independent Director reappointments approved at the AGM held August 3, 2026 for Ms. Avani Davda, Mr. Arvind Goel, Dr. Ambuj Goyal and Mr. Dan'l Lewin.
15-10-2026
Persistent Systems filed a fact sheet of consolidated financial data for the quarter and half year ended September 30, 2026, along with notice of an investor/analyst call on October 15, 2026 at 5:00 PM IST. Q2 FY27 revenue reached $487.6M, up 20.0% YoY and 7.8% QoQ, with EBIT margin of 15.0% (up 19.5% YoY) and operating PAT margin of 10.6% (excluding exceptional Nagarro acquisition expenses, impacting PAT by ~3.1%). Growth was broad-based, though Software, Hi-Tech & Emerging Industries revenue saw a sequential/YoY mix of strength and softer segments, and PAT margin was reported at 10.6% versus 11.2% in the prior comparable period, indicating margin pressure from acquisition-related costs.
- · Operating cash flow to PAT ratio (TTM) was 94.7% in Q1 FY27 versus 102.2% in Q2 FY26, a decline in cash conversion
- · Days sales outstanding rose to 86 days in Q2 FY27 from 81 days in Q2 FY26, indicating slower collections
- · ROCE fell to 24.4% in Q2 FY27 from 45.5% in Q2 FY26 on a TTM basis, partly reflecting the Nagarro acquisition
- · ROE declined to 25.2% in Q2 FY27 from 43.6% in Q2 FY26 on a TTM basis
- · Q2 FY27 EBIT and PAT margins include Nagarro acquisition exceptional expenses (~3.1% PAT impact)
- · Stock underperformed NIFTY IT and NIFTY 50 over the trailing 1-year period (+9.5% vs. benchmark declines shown in the chart)
- · Q3 FY26 PAT margin was affected by ~1.8% one-time impact from New Labour Codes transaction costs
14-10-2026
Persistent Systems Limited submitted a routine regulatory compliance letter to NSE and BSE enclosing a Regulation 74(5) certificate from its Registrar and Share Transfer Agent, MUFG Intime India Private Limited, confirming that no securities were received for dematerialization during the quarter ended September 30, 2026. The filing contains no financial results, operational metrics, or material business developments.
- · Certificate relates to the SEBI (Depositories and Participants) Regulations, 2018, Regulation 74(5)
- · Certificate is dated October 6, 2026, and covers the quarter ended September 30, 2026
- · Company Symbol on NSE: PERSISTENT; BSE Scrip Code: 533179
15-10-2026
Persistent Systems Limited reported consolidated revenue from operations of ₹46,639.04 Cr for the quarter ended September 30, 2026, up 30.2% YoY from ₹35,807.20 Cr, while consolidated profit after tax fell 25.4% YoY to ₹3,515.14 Cr from ₹4,714.70 Cr, reflecting higher employee and other expenses and a deferred tax credit. Board also approved the proposed acquisition of 100% of Nagarro SE, with the company having secured ~94.04% of Nagarro's shares via a takeover offer as of October 6, 2026. Sentiment is mixed given strong top-line growth alongside margin and profit compression.
- · Consolidated EBITDA-relevant pressure: employee benefits expense rose to ₹23,818.11 Cr in Q2 FY27 from ₹19,460.96 Cr YoY, while other expenses rose to ₹9,346.07 Cr from ₹4,140.56 Cr
- · Consolidated deferred tax was a credit of ₹752.87 Cr in the quarter, which lowered the total tax expense to ₹1,021.70 Cr versus ₹1,453.62 Cr a year earlier
- · Standalone revenue from operations was ₹44,941.71 Cr (quarter ended September 30, 2026) against ₹34,929.47 Cr a year earlier, and standalone PAT was ₹4,828.94 Cr against ₹4,589.03 Cr
- · Consolidated cash and cash equivalents rose to ₹16,311.85 Cr at September 30, 2026 from ₹10,008.01 Cr at September 30, 2025
- · Consolidated other financial liabilities increased to ₹12,545.68 Cr from ₹4,450.15 Cr a year earlier, and goodwill rose to ₹13,947.37 Cr from ₹12,782.28 Cr, reflecting acquisition activity
- · Shareholders at the AGM held August 3, 2026 approved reappointment of three independent directors for second terms and the Nagarro acquisition; the EGM held October 5, 2026 approved debt and equity fundraising enablers
- · Restatement: standalone results for prior periods were restated for consolidation of the PSPL ESOP Management Trust (reducing six-month PBT for September 30, 2025 by ₹117.84 Cr) and for the Arrka merger
- · Board recommended a total dividend of ₹40 per share for FY26 (interim ₹22, final ₹18); the six-month period FY27 has no dividend declared in these results
- · Consolidated auditors' report includes an unmodified opinion, with 18 subsidiaries and one ESOP Trust audited by other auditors (their total assets were ₹21,028 million)
15-10-2026
Persistent Systems reported Q2 FY27 consolidated revenue of USD 487.6M (INR 46,639.0 Million), up 7.8% QoQ and 20.0% YoY (30.3% YoY in INR), with EBIT of INR 6,977.2 Million (15.0% margin). However, PAT fell 27.2% QoQ to INR 3,515.1 Million and declined 25.4% YoY, while Operating PAT rose only 2.5% QoQ and 5.0% YoY, and EBIT grew just 1.6% QoQ. The company also secured approximately 94.04% of Nagarro's share capital and voting rights (excluding treasury shares) as part of a pending acquisition, with shareholders approving an equity raise of up to USD 450M and combined equity and borrowings capped at USD 1,250M.
- · Operating PAT grew only 2.5% QoQ and 5.0% YoY, lagging headline revenue growth
- · EBIT grew just 1.6% QoQ despite 7.8% QoQ USD revenue growth, indicating margin pressure in the quarter
- · Order booking of $633.5M TCV and $481.0M ACV for the quarter
- · Revenue marked the 26th consecutive sequential quarter of growth
- · Persistent was recognized as the Fastest Growing IT Services brand globally in Brand Finance IT Services 25 (22% brand value growth)
15-10-2026
Hexaware Technologies Limited has intimated under Regulation 29 of the SEBI LODR Regulations that its Board of Directors will consider declaration of a 2nd interim dividend for FY2026 by circular resolution, to be circulated to the Board on October 20, 2026. The filing contains no dividend amount, record date, or payment date, so the size and terms of the dividend cannot be assessed from this document.
- · Board consideration of the 2nd interim dividend for FY2026 will occur via circular resolution circulated on October 20, 2026
- · Filing is dated October 15, 2026 and disclosed to NSE (Symbol: HEXT) and BSE (Scrip Code: 544362)
- · Information is also hosted on the company website at www.hexaware.com
15-10-2026
Persistent Systems Limited's Board approved the audited financial statements for the quarter and half year ended September 30, 2026 at its October 15, 2026 meeting, and the company has published both the consolidated and standalone results on its website. This filing is a procedural notice that the statements are available; it does not itself disclose revenue, profit, or other performance figures, so no balanced performance assessment can be made from this document alone.
- · Reference to earlier intimation No. NSE & BSE / 2026-27 / 159 dated October 15, 2026, which announced the board meeting for approval of the audited financials
- · Filing reference NSE & BSE / 2026-27 / 162 dated October 15, 2026
- · Consolidated and standalone audited financial statements for the period ended September 30, 2026 are linked on the company website but their figures are not reproduced in this filing
15-10-2026
Tech Mahindra reported audited consolidated Q2 FY27 (quarter ended 30 September 2026) results with revenue from operations of ₹161,802 million (up 3.0% QoQ, up 15.0% YoY from ₹139,949 million in Q2 FY26 reported figures in the statement's comparative column), EBIT of ₹2,387 crore (up 40.5% YoY per the press release) and PAT of ₹16,097 million (up 33.9% YoY from ₹12,017 million). The Board declared an interim dividend of ₹15 per share and recommended a 1:1 bonus share issue, subject to shareholder approval. Mixed points: other income was negative at ₹(74) million for the quarter (foreign exchange loss), Q2 standalone profit before tax of ₹22,043 million rose 43.8% YoY but the standalone PAT growth was slower in the six-month period, and the auditors' emphasis of matter on ₹12,304 million of disputed 'alleged advances' from erstwhile Satyam remains unresolved.
- · Standalone Q2 FY27 revenue from operations was ₹137,424 million, up 3.9% QoQ and 13.9% YoY from ₹120,676 million.
- · Standalone six-month profit after tax was ₹27,517 million versus ₹23,542 million in the prior-year period (up 16.9%).
- · Q2 FY27 headcount: IT 76,617 (up 1,928 QoQ, down 2.4% YoY), BPS 67,520, Sales & Support 8,069.
- · Sector-level weakness: 'Others' vertical fell 15.0% QoQ and 14.1% YoY; Manufacturing fell 3.9% QoQ.
- · Q2 FY27 deal wins of USD 1,023 mn were down 5.1% QoQ from USD 1,078 mn in Q1 FY27.
- · Free cash flow fell to USD 135 mn from USD 237 mn a year earlier; FCF to PAT conversion dropped to 81% from 176%.
- · Days Sales Outstanding rose to 88 days from 84 days in Q1 FY27 (94 days a year earlier).
- · Auditors' emphasis of matter: ₹12,304 million of 'alleged advances' claimed by 37 companies against erstwhile Satyam remains pending final adjudication; management believes claims will not be payable.
- · Exceptional item of ₹2,724 million (consolidated) and ₹2,452 million (standalone) arose from the New Labour Codes' impact on employee benefit obligations.
- · Acquisition of remaining 20% stake in Tech Mahindra Arabia Limited for SAR 83.7 million (₹2,148 million) on July 27, 2026, giving 100% ownership.
15-10-2026
KPIT Technologies Limited has intimated that its Board of Directors will meet on Wednesday, October 28, 2026 to consider and approve the un-audited financial results with Limited Review Report for the quarter and half year ended September 30, 2026. The company also confirmed that the trading window closure commenced on October 1, 2026 and will end 48 hours after the results are declared. This is a procedural notice with no financial figures disclosed.
- · Board meeting date: Wednesday, October 28, 2026
- · Trading window closure commenced Thursday, October 1, 2026, ending 48 hours after results declaration
- · Filed under Regulation 29 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015
- · Scrip Code 542651, Symbol KPITTECH
15-10-2026
Tech Mahindra's Board approved audited consolidated results for Q2 FY27 (quarter ended September 30, 2026), with consolidated revenue from operations of Rs. 161,802 Million (up 3.0% QoQ and 15.5% YoY) and profit after tax of Rs. 16,097 Million (up 33.9% YoY), alongside an interim dividend of Rs. 15 per share and a 1:1 bonus share recommendation. Results were mixed: consolidated other income turned negative at Rs. (74) Million for the quarter versus Rs. 400 Million a year earlier, the Labour Codes impact of Rs. 2,724 Million was booked as an exceptional item, and standalone revenue growth was more modest at 16.0% YoY while standalone other income swung sharply quarter on quarter.
- · Consolidated EBIT-equivalent profit before tax rose to Rs. 22,961 Million for the quarter, up from Rs. 16,593 Million a year earlier.
- · Standalone profit after tax was Rs. 16,138 Million for Q2 FY27, up 37.3% YoY from Rs. 11,757 Million.
- · Consolidated Labour Codes exceptional item of Rs. 2,724 Million (standalone Rs. 2,452 Million) was booked in the quarter's results framework, per Note 7.
- · Rs. 12,304 Million of 'alleged advances' claimed by 37 companies against erstwhile Satyam remains pending final adjudication and is held in a suspense account, with the Management believing claims will not be payable.
- · Consolidated cash and cash equivalents declined to Rs. 47,198 Million at September 30, 2026 from Rs. 50,461 Million at March 31, 2026.
- · Consolidated net cash from operating activities for H1 FY27 was Rs. 34,697 Million, up from Rs. 31,694 Million in H1 FY26.
- · Standalone other income was Rs. 5,376 Million in Q2 FY27 versus a loss of Rs. (1,373) Million in Q1 FY27, driven by dividend and fair value gains.
- · Q2 FY27 USD revenue of $1,693 Mn grew 6.8% YoY in reported terms and 7.2% in constant currency; new deal wins were $1,023 Mn, up 25.4% YoY.
- · Consolidated acquisition of the remaining 20% stake in Tech Mahindra Arabia Limited for SAR 83.7 million (Rs. 2,148 Million) was completed on July 27, 2026.
15-10-2026
Tech Mahindra's Board, at its meeting on 15 October 2026, approved the audited consolidated and standalone financial results for Q2 and H1 FY2026-27 (quarter and half year ended 30 September 2026) with unmodified audit reports, declared an interim dividend of Rs. 15 per equity share (300% on face value of Rs. 5), and recommended a 1:1 bonus issue of equity shares plus an increase in authorised share capital from Rs. 924.3 crore to Rs. 1,000 crore, subject to shareholder approval via postal ballot. The bonus issue is to be funded by capitalisation of reserves and is expected to be credited within two months of board approval (by 15 December 2026).
- · Interim dividend record date is Friday, 23 October 2026; payment by 13 November 2026 via electronic mode
- · Board meeting commenced 2:30 p.m. IST and concluded 4:45 p.m. IST on 15 October 2026, adjourned to 16 October 2026
- · Bonus shares to be funded from Securities Premium, General Reserves, Retained Earnings and/or other permitted reserves per FY2025-26 audited statements
- · Record date for bonus entitlement to be intimated separately
- · Auditor's emphasis of matter: Rs. 12,304 million claims from 37 companies re erstwhile Satyam, reported under Suspense Account (net); auditor's opinion not modified
- · Auditor's report is unmodified; results prepared under IND AS 34 and Regulation 33
15-10-2026
Coforge Limited has intimated to BSE and NSE that its management will host an Analyst/Investor Conference Call on October 23, 2026 at 05:30 p.m. IST to review financial performance for the quarter and half year ended September 30, 2026, followed by a Q&A session. The call follows the Board meeting intimation dated September 09, 2026, and a recording and transcript will be archived on the company's investor relations webpage. The filing contains no quantitative financial results.
- · Conference call scheduled for October 23, 2026 at 05:30 p.m. IST (01:00 p.m. London, 08:00 p.m. Singapore, 08:00 a.m. New York)
- · Participants must pre-register via a Zoom webinar link
- · Filing made under SEBI (LODR) Regulations, 2015; BSE scrip code 532541, NSE symbol COFORGE
16-10-2026
Wipro Limited filed auditor's reports from Deloitte Haskins & Sells LLP on its standalone and consolidated financial statements for the quarter and half year ended September 30, 2026, along with the UDIN, on October 15, 2026. The filing is a procedural follow-up to the earlier results intimation and contains no financial figures, so no performance data (revenue, profit, or segment metrics) can be assessed from this document.
- · Auditor's reports cover both standalone and consolidated financial results for the three and six months ended September 30, 2026, issued under SEBI LODR Regulation 33.
- · Auditor issued an unmodified opinion on both the standalone and consolidated results, with no going-concern uncertainty or qualification noted.
- · Filing made to NSE, BSE, and NYSE; auditor's report dated October 15, 2026 in Bengaluru.
15-10-2026
Tech Mahindra Limited has disclosed the outcome of its quarterly earnings conference call with analysts and institutional investors held on 15 October 2026 to discuss the audited financial results for the quarter and half year ended 30 September 2026. The call ran from 6.00 p.m. to 7.05 p.m. (IST), with the investor presentation referenced during the call and the audio recording made available on the company website. The company stated that no Unpublished Price Sensitive Information was shared during the call.
- · Advance intimation of the earnings call was dated 2 October 2026, and the board meeting outcome referenced is dated 15 October 2026
- · The investor presentation was submitted to the stock exchanges on 15 October 2026 and is hosted on the company website
- · The filing is made under Regulations 30 and 46 read with clause 15 of Para A of Part A of Schedule III of SEBI Listing Regulations, 2015
- · Scrip code 532755 (BSE) and symbol TECHM (NSE)
15-10-2026
TCS launched the Industrial Intelligence Foundry, a domain-specific AI offering with configurable AI agents, workflows, and governance capabilities for industrial enterprises across aerospace, mobility, semiconductors, medical devices, industrial electronics, and utilities and energy. The company claims the offering can reduce new product introduction timelines by 25% and improve manufacturing productivity by 20-25%, with gains potentially exceeding 40% as data foundations mature. The filing is a press release disclosure with no reported financial results, and it carries no negative or flat performance metrics.
- · HFS Research states industrial organizations plan to double their physical AI spending over the next two years
- · Foundry targets aerospace, mobility, semiconductors, medical devices, industrial electronics, and utilities and energy
- · Offering covers engineering intelligence, manufacturing operations optimization, asset performance, quality and compliance, and service lifecycle and workforce enablement
- · Architecture is model-agnostic and applications continuously learn to generate compounding returns
- · TCS sponsors 14 marathons and endurance events, including the TCS New York City Marathon and TCS London Marathon
15-10-2026
LTM (formerly LTIMindtree) announced a multi-million-dollar managed services transformation deal with a leading North American specialty engineering and construction company, with an initial three-year term. Under the agreement, LTM will consolidate infrastructure, cybersecurity and application administration services from multiple providers and build an AI-led managed services operating model with observability and automation. The filing discloses no deal value beyond 'multi-million dollar', so the financial impact cannot be quantified from this document.
- · Client is a leading North American specialty engineering and construction company, unnamed in the release
- · Deal consolidates services previously held by multiple providers under LTM's unified governance framework
- · Company is now operating under the name LTM Limited (formerly LTIMindtree Limited)
15-10-2026
Oracle Financial Services Software Limited has notified the NSE and BSE under Regulation 29(1)(a) of the SEBI LODR Regulations that its Board of Directors will meet on Friday, October 23, 2026 to consider approval of unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026. The filing is a procedural intimation and contains no financial figures, so no performance metrics are disclosed at this stage.
- · Board meeting scheduled for Friday, October 23, 2026
- · Results period covered: quarter and half year ended September 30, 2026
- · Notice filed on October 15, 2026, eight days ahead of the meeting
- · Intimation to also be published on the Company's website
15-10-2026
Tata Consultancy Services Limited has completed the acquisition of 100% partnership interest in BBY Services India LLP, which became a wholly owned subsidiary effective October 15, 2026. The completion follows an earlier intimation dated October 1, 2026 (Ref: TCS/SE/94/2026-27). The filing contains no financial values, deal consideration, or performance metrics.
- · Completion disclosed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- · BBY Services India LLP is now a wholly owned subsidiary of TCS effective October 15, 2026
- · Filing references prior intimation TCS/SE/94/2026-27 dated October 1, 2026
- · Filing does not disclose deal consideration, valuation, or financial impact on TCS
15-10-2026
Wipro Limited reported audited standalone and consolidated results for the three and six months ended September 30, 2026. Consolidated revenue from operations rose to ₹2,47,527 Mn in Q2 FY27 (vs ₹2,26,973 Mn in Q2 FY26, +9.1% YoY), while consolidated profit for the period was ₹31,997 Mn (vs ₹32,624 Mn, -1.9% YoY), with standalone PAT of ₹28,627 Mn (vs ₹26,142 Mn, +9.5% YoY). Performance was mixed: consolidated profit declined year over year, Americas 1 segment revenue fell and Americas 2 was broadly flat sequentially, while the company completed a ₹150,508 Mn buyback of 600 million shares at ₹250 per share.
- · Americas 1 segment revenue declined to ₹84,985 Mn in Q2 FY27 from ₹86,087 Mn in Q1 FY27 and rose only ~5.5% from ₹80,556 Mn in Q2 FY26
- · Consolidated Americas 2 revenue was essentially flat QoQ (₹63,194 Mn vs ₹62,119 Mn) and up only ~0.9% YoY
- · Consolidated Finance and other income fell to ₹6,770 Mn from ₹8,455 Mn a year earlier
- · Consolidated cash and cash equivalents declined to ₹95,016 Mn at September 30, 2026 from ₹105,555 Mn at March 31, 2026
- · Consolidated total equity decreased to ₹791,307 Mn from ₹882,692 Mn, reflecting the buyback and dividend payments
- · Aggne Global Inc. and Aggne Global IT Services stakes were increased by 20% each in June 2026, and Mindsprint was acquired 100% effective May 15, 2026
15-10-2026
Wipro Limited's audited standalone and consolidated results for the quarter and six months ended September 30, 2026 show Q2 FY27 consolidated revenue from operations of ₹247,527 million, up 9.0% YoY from ₹226,973 million but up 1.1% QoQ from ₹244,786 million, while consolidated profit for the period was ₹31,997 million, down 1.9% YoY from ₹32,624 million and down 4.6% QoQ from ₹33,563 million. Standalone revenue rose 6.6% YoY to ₹189,416 million, but standalone profit before tax of ₹38,590 million grew 9.8% YoY and standalone PAT of ₹28,627 million grew 9.5% YoY, while other income fell sharply and consolidated EPS was flat-to-slightly-lower at ₹3.23 versus ₹3.10 (up 4.2%). Performance is mixed: top-line growth is positive, while consolidated profit declined and Americas 1 segment results and several other metrics weakened.
- · Americas 1 segment revenue fell to ₹84,985 million in Q2 FY27 from ₹86,087 million in Q1 FY27 (-1.3% QoQ), and Americas 1 segment result declined to ₹16,009 million from ₹17,265 million YoY (-7.3%)
- · Consolidated other income declined sharply to ₹7,555 million from ₹9,477 million YoY (-20.3%)
- · Consolidated employee benefits expense rose to ₹148,370 million from ₹136,163 million YoY (+9.0%)
- · Consolidated finance costs rose to ₹5,454 million from ₹3,612 million YoY (+51.0%)
- · Consolidated Lifetime expected credit loss swung to a write-back of ₹(75) million versus a ₹1,507 million charge a year earlier
- · Consolidated cash and cash equivalents fell to ₹95,016 million from ₹130,837 million a year earlier
- · Consolidated Borrowings rose to ₹185,021 million from ₹165,912 million at March 31, 2026
15-10-2026
Wipro reported Q2 FY27 (quarter ended September 30, 2026) results with gross revenue of ₹247.5 billion ($2,583.0 million), up 1.1% QoQ and 9.1% YoY, while IT services segment revenue was $2,611.5 million, down 0.1% QoQ but up 0.3% YoY. Performance was mixed: total bookings fell 22.9% QoQ in constant currency to $2,595 million and large deal bookings dropped 58.6% QoQ to $674 million, while net income declined 4.7% QoQ and 1.9% YoY to ₹32.0 billion. Positives included IT services operating margin expansion to 16.5% (up 0.5% QoQ, but down 0.2% YoY) and operating cash flow at 165.8% of net income.
- · Total bookings fell 22.9% QoQ and large deal bookings fell 58.6% QoQ in constant currency, a significant deterioration in order momentum
- · IT services operating margin was down 0.2% YoY despite the 0.5% QoQ expansion
- · Net income declined 4.7% QoQ and 1.9% YoY, even as EPS rose 4.2% YoY
- · IT services constant currency revenue was flat sequentially; Q3 FY27 guidance implies sequential change of (-)1.5% to (+)0.5%
- · IT Products segment reported a loss of ₹0.1 billion ($(0.8) million) in results for the quarter
- · Realized exchange rate in IT services was US$1 = ₹94.45 versus the translation rate of ₹95.83
- · Voluntary attrition stood at 13.8% on a trailing 12-month basis
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