Pune, August, 2021.
Tech Mahindra Ltd.a specialist in digital
transformation, consulting and business re-engineering services today announced
the audited consolidated financial results for its quarter ended June 30, 2021.
Financial highlights for the quarter (USD)
|
- Revenue at USD
1383.6 mn; up 4.1% QoQ and 14.6% YoY
- Revenue
growth at 3.9% QoQ in constant currency terms
- EBITDA at USD
254.3 mn; down 4.4% QoQ, up 47.5% YoY
- Margins at
18.4%; down 160bps QoQ
- Profit after
tax (PAT) at USD 183.2 mn; up 24.1% QoQ and 42.2% YoY
- Free cash flow
at $ 172.4 mn, conversion to PAT at 94.1%
|
Financial highlights for the quarter (₹)
|
- Revenue at ₹
10,198 crores; up 4.8% QoQ and 12.0% YoY
- EBITDA at ₹
1,876 crores; down 3.7% QoQ, up 44.3% YoY
- PAT
at ₹ 1,353 crores; up 25.1% QoQ and 39.2% YoY
|
Other Highlights
|
- Total
headcount at 126,263, up 5209 QoQ
- Cash
and Cash Equivalent at USD 1818.2 mn as of June 30, 2021 220
|
CP Gurnani, Managing Director & Chief Executive Officer,
Tech Mahindra, said, We have witnessed an all rounded performance this quarter with
growth across our key markets and industry sectors. We continue to see strong
traction in large deal wins as we are helping our customers in integrated
digital transformation. Our focus on key technology pillars wrapped around
experience-led approach with TechM Nxt.Now will help us to capitalize on the
strong demand momentum.
Milind Kulkarni, Chief
Financial Officer, Tech Mahindra, said, We continue to build on
our profitability journey and have reported highest ever quarterly Revenue and
Profit After Tax this quarter. Delivery Excellence will be a cornerstone in
improving our operational and financial metrics, as we look to capitalize on
the incremental digital spends over the course of the year.
- Tech
Mahindra has won a deal with a leading UK telecom company for end to end
customer experience for both consumer and enterprise businesses.
- Tech
Mahindra has been engaged by one of the largest private healthcare systems
in US as a managed service partner for technology transformation.
- Won
a strategic digital assurance deal with an American technology company.
- Tech
Mahindra has been chosen by a Tier 1 US Telco in the data and analytics
space for data platform modernization and cloud migration.
- Tech
Mahindra has been chosen by Tier 1 automotive equipment supplier for
managed security services and greenfield service desk implementation.
- Engaged
by world's Largest Public Funded Healthcare Program for establishing and
managing contact centre operations for COVID vaccination programs.
- Tech
Mahindra has been chosen by an Australian government division as a digital
transformation partner.
- Tech
Mahindra has won a deal with one of the largest railroad company in North
America for strategic IT modernization leveraging the digital and
analytics expertise.
- Tech
Mahindra has been selected by an Asia Pacific energy company for end to
end transformation including infrastructure, cloud, cybersecurity
services.
- Tech
Mahindra has been engaged by a large bank in Africa for core banking
transformation.
- Tech
Mahindra to launch ‘Stablecoin-As-A-Service’ blockchain solution for
global banks and financial institutions with Quantoz, Netherlands-based
innovative Blockchain technology application incubator, specialized in
building and implementing Blockchain-based solutions.
- Tech
Mahindra has joined the 1.5°C Supply Chain Leaders to reduce its
greenhouse gas emissions across the full value chain.
- Tech
Mahindra and Rajasthan Royals, inaugural IPL (Indian Premier League)
champions, have partnered to build on fan loyalty and fan monetization.
This collaboration aims to derive three times the value from a loyal fan
base using Tech Mahindra’s digital platform powered by next generation
technologies.
- Tech
Mahindra has launched ServiceNow Business Unit to accelerate digital
transformation for customers globally. It is focused on delivering
innovative industry solutions for key verticals like Telecommunications,
Media and Entertainment and Energy & Utility.
- Tech
Mahindra has announced partnership with TAC Security, the global leader of
risk & vulnerability management, to enable next-generation enterprise
security for customers globally.
- Tech
Mahindra foundation, the CSR (Corporate Social Responsibility) arm of Tech
Mahindra announced its support to Mission Oxygen, an initiative by Democracy
People Foundation, to ensure last mile delivery of oxygen supply across
India. The partnership will strive to ensure that hospitals, nursing homes
and medical care facilities, especially in tier-2 cities, get immediate
access to oxygen.
- Tech
Mahindra is partnering with many of its global customers to collectively
drive the COVID-19 support movement in India.
- Tech
Mahindra has announced a partnership with the International Chess
Federation for creating the Global Chess League together. The competition
will be established as a first-of-its-kind “phygital” (physical and
digital) league, engaging players from all levels – professional or
otherwise.
- Tech
Mahindra has announced its support to #OxygenForIndia, a volunteer-run
organization put together by the Center for Disease Dynamics, Economics
& Policy (CDDEP), to deploy 3,000 oxygen concentrators and 40,000
oxygen cylinders to help resolve the oxygen crisis in India.
- Tech
Mahindra has received the Golden Peacock HR excellence award.
- Tech
Mahindra has been recognized amongst the top 10 trusted big data analytics
companies in India 2021 - 2022 by TopAppDevelopmentCompanies.com.
- Tech
Mahindra has won 2 Awards at SAP Partner Summit-
- INDIA
Best GSSP Partner of the Year &
- Best
Customer Experience Partner at SAP India Partner Summit.
- Tech
Mahindra has been recognized as ‘Leader of the Year’ by CEO Today Magazine
Middle East Awards 2021.
- Tech
Mahindra’s CEO, CP Gurnani has been recognized as 'Inspiring CEO 2021' by
the Economic Times.
- Tech
Mahindra has been recognized among the Economic Times Iconic Brands 202.
Tech
Mahindra has emerged as a winner of NASSCOM Engineering &Innovation
Excellence Awards 2021 for Service Delivery Excellence & Next-Gen Products;
for its projects on Vehicle Top Hats & Distributed Ledger DnD