Tech Mahindra’s Q1FY25 Quarter Results

• Tech Mahindra reported 0.7% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter ended June (Q1FY25). On a year-on-year (YoY) basis, it witnessed a de-growth of 1.5%.
• Its expenses for the quarter were down by 3% QoQ and YoY.
• The net profit grew 30% QoQ and 23% YoY.
• The earnings per share (EPS) of Tech Mahindra stood at 9.6 during Q1FY25.

Tech Mahindra’s Financial Statements for Q1FY25:

Financials:

• Revenue: ₹13,150 crores; up 1.0% QoQ, down 1.2% YoY.

• EBITDA: ₹1,564 crores; up 11.1% QoQ, up 16.9% YoY, Margin at 12.0%, up 110 bps QoQ, up 190 bps YoY.

• Consolidated PAT: ₹851 crores; up 28.8% QoQ, up 23.0% YoY.

• Earnings per share (EPS): ₹9.62.

• Total Headcount: 147,620; up 2,165 QoQ, down 677 YoY.

• Cash and Cash Equivalents: ₹8,055 crores as of June 30, 2024.

Management Commentary:

• Mohit Joshi, Chief Executive Officer and Managing Director of Tech Mahindra, said, "It is encouraging to see positive momentum in most industry verticals which has led to revenue growth and margin expansion in an otherwise seasonally weak quarter. We continue to focus on execution and are on track to achieve our stated goals for FY27."

• Rohit Anand, Chief Financial Officer, Tech Mahindra, said, "The Q1 results are a positive start both for current turnaround year as well as for our medium-term strategy. As we mentioned in our strategic priorities, our focus continues to be on investing in the business for long-term sustainable performance."

Data Source: BSE, Company announcements
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