Tech Mahindra shares raced ahead of the BSE Sensex pack on Friday, sprinting over 8%, to add around Rs 11,000 crore to its market value. The blockbuster gains came after the IT firm reported a 32.74% jump in consolidated net profit for the September quarter. Tech Mahindra, along with other IT stocks helped domestic equity benchmarks shake off a sluggish start.

Tech Mahindra shares were trading 8.05% higher at Rs 1,781.50 on the BSE. On the NSE, the stock was up 7.87% at Rs 1,779.90, a gain of Rs 129.90. Following the rise, Tech Mahindra’s market capitalisation increased by Rs 10,974.86 crore to Rs 1,72,895.16 crore.

The company’s consolidated net profit attributable to its owners rose 32.74% year on year to Rs 1,585.6 crore in the July-September quarter of FY27, compared with Rs 1,194.5 crore in the corresponding quarter last year. The improvement was supported by strong volume growth, cost savings and rupee depreciation.

Revenue from operations grew 15.6% to Rs 16,180.2 crore during the quarter, against Rs 13,994.9 crore in Q2 FY26. Compared with the preceding quarter, net profit increased 8%, while revenue rose 3%.