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Tech Mahindra’s Q2FY25 Results

Tech Mahindra’s revenues grew over 5% sequentially
  • 23 Oct 2024
Read Full Article >
  • 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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