Tech Mahindra’s Q2FY25 Results
Tech Mahindra’s revenues grew over 5% sequentially
- 23 Oct 2024
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- Tech Mahindra reported a 5.2% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter ended September (Q2FY25). On a year-on-year (YoY) basis, it witnessed a growth of 5.4%.
- Its expenses for the quarter were up by 1% QoQ and down by 3% YoY.
- The net profit increased 45% QoQ and 149% YoY.
- The earnings per share (EPS) of Tech Mahindra stood at 14.1 during Q2FY25.
Tech Mahindra’s Financial Statements for Q2FY25:
| (₹ crores) | Q2FY24 | Q1FY25 | Q2FY25 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total income | 13,128 | 13,150 | 13,835 | 5.2% | 5.4% |
Total expenses | 12,504 | 11,975 | 12,122 | 1% | -3% |
Profit before tax | 615 | 1,178 | 1,714 | 45% | 178% |
Tax | 110 | 313 | 456 | 46% | 315% |
Profit after tax | 505 | 865 | 1,258 | 45% | 149% |
Earnings per share | 5.6 | 9.6 | 14.1 |
Financials:
- Revenue ₹ 13,313 crores; up 2.4% QoQ, up 3.5% YoY
- EBITDA at ₹1,750 crores; up 11.9% QoQ, up 63.2% YoY
- Consolidated PAT at ₹1,250 crores; up 46.8% QoQ, up 153.1% YoY
- Earnings per share (EPS) ₹14.10
Management Commentary:
Mohit Joshi, CEO & MD, Tech Mahindra:
- Progress continues on strategic improvement efforts despite a soft IT services market.
- Focus on strengthening client relationships and expanding the partner ecosystem.
- Operational excellence through Project Fortius has led to margin expansion for the third consecutive quarter.
Rohit Anand, CFO, Tech Mahindra:
- Consistent performance with increasing deal wins, revenue growth, cost optimization, and steady free cash flow generation.
- On track towards FY27 targets.
- Interim dividend of ₹15 per share declared as part of the company's capital allocation policy.
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
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