October 16, 2025—Tech Mahindra Ltd., a mid-cap stalwart in India’s competitive IT services landscape, faced headwinds today, with shares slipping 1.8% to close at Rs 1,682.50 on the BSE, prolonging a week of declines following the revelation of a 4.4% year-on-year (YoY) drop in net profit to Rs 1,200 crore for Q2 FY26. The stock, already down 3.5% over the past five trading sessions, underperformed the Nifty IT index’s 0.4% gain to 35,150, as investors weighed the company’s tepid revenue growth and mounting cost pressures against a backdrop of global tech spending moderation.