Mumbai – October 21st,
2024.
TechMahindra (NSE: TECHM),
a leading global provider of technology consulting and digital solutions to
enterprises across industries announced the audited consolidated financial
results for its quarterended September 30th, 2024.
|
Financial highlights for the quarter (USD) |
|
|
·
Revenue USD 1,589 mn; up1.9% QoQ,
up 2.2% YoY o Revenue
grew by 0.7% QoQ, up by 1.2% YoY in constant currency terms ·
EBITDA USD 209mn; up 11.3% QoQ,up 61.4% YoY ·
EBITDA Margin 13.1%, up 110bps QoQ,
up480bps YoY ·
Profit after tax (PAT) USD 149mn;
up 46.1% QoQ, up 150.7% YoY ·
PAT Margin 9.4%, up 280 bps QoQ,
up 560 bps YoY ·
Free cash flow USD 157mn ·
New deal winsTCV USD 603mn
|
|
|
Financial highlights for the quarter (₹) |
|
|
·
Revenue ₹ 13,313crores; up2.4%
QoQ, up3.5% YoY ·
EBITDA ₹ 1,750crores; up 11.9%
QoQ, up63.2% YoY ·
Consolidated PAT ₹1,250crores; up 46.8%
QoQ, up153.1% YoY ·
Earnings per share (EPS) ₹ 14.10
|
|
|
·
Total headcount at the end of the
quarter 154,273, up6,653QoQ and 3,669 YoY ·
LTM IT attrition 10.6% ·
Days of Sales Outstanding 94 days;
up 1 day QoQ, down 3 days YoY ·
Cash and Cash Equivalent at the
end of the quarter ₹6,566crores ·
Interim dividend declared ₹ 15 per
share |
|
Mohit
Joshi, Chief Executive Officerand Managing Director, Tech Mahindra,said,
“We continue to progress on our strategic improvement efforts even as
the overall IT services industry has remained soft. We have focused on
strengthening client relationships and expanding the partner ecosystem while
maintaining a sharp focus on operational excellence through project Fortius,
which has resulted in an expansion of margins for the third sequential quarter.”
Rohit
Anand, Chief Financial Officer, Tech Mahindra, said,
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