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IT Consulting & Software company Tech Mahindra announced Q1FY25 results:
Financial Highlights:
- Revenue at Rs 13,005 crore; up 1.0% QoQ, down 1.2% YoY
- EBITDA at Rs 1,564 crore; up 11 .1 % QoQ, up 16.9% YoY; Margin at 12.0%, up 110 bps QoQ, 190 bps YoY
- Consolidated PAT at Rs 851 crore; up 28.8% QoQ, up 23.0% YoY
- Earnings per share (EPS) at Rs 9.62
Other Highlights:
- Total headcount at 147,620 up 2,165 QoQ, down 677 YoY ,
- Cash and Cash Equivalent at Rs 8,055 crore as of June 30, 2024
Mohit Joshi, Chief Executive Officer and Managing Director, 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 longterm sustainable performance."
FAQ’s on Tech Mahindra Ltd Shares
