Mumbai – October, 2023.
Tech Mahindra Ltd., a
specialist in digital transformation, consulting and business re-engineering
services today announced the audited consolidated financial results for its
quarterended September 30th, 2023.
|
·
Revenue at USD 1,555 mn; down 2.8%
QoQ, down 5.1% YoY o Revenue
declined by 2.4% QoQ in constant currency terms ·
EBITDA at USD 129 mn; down 20.5%
QoQ, down 47.3% YoY; Margin at 8.3%, down 180 bps QoQ ·
Profit after tax (PAT) at USD 59mn;
down 29.3% QoQ, down 62.5% YoY ·
Free cash flow at $ 213 mn |
|
Financial highlights for the quarter (₹) |
|
·
Revenue at ₹ 12,864
crores; down 2.2% QoQ, down 2.0% YoY ·
EBITDA at ₹ 1,072 crores; down 19.9%
QoQ, down 46.0% YoY ·
Consolidated PAT at ₹ 494 crores; down 28.7%
QoQ, down 61.6% YoY ·
Earnings per share (EPS) at ₹ 5.6 ·
The Board approved interim
dividend of Rs. 12 per share |
|
Other
Highlights |
|
·
Total headcount at 150,604 up
2,307 QoQ · Cash and Cash Equivalent at INR 6,515cr as of September 30, 2023
|
CP Gurnani, Managing Director &
Chief Executive Officer, Tech Mahindra,said,
“The year is being
characterized by a challenging demand environment and prolonged macro
uncertainties calling for a very tactical approach. We have doubled down our
strategy of working closely with clients, helping them to streamline and
modernize operations as they reprioritize their resources.”
Rohit Anand, Chief Financial Officer, Tech Mahindra,
said,
© 2019 All Rights Reserved | democraticjagat2019 | Developed By DIIT IT SERVICES & SOLUTIONS
