Published On: Tue, Oct 26th, 2021

Tech Mahindra Q2’22 Revenues up 16.4%

Pune, October, 2021.

 Tech Mahindra Ltd., a specialist in digital transformation, consulting and business reengineering services today announced the audited consolidated financial results for its quarter ended September 30, 2021.

Financial highlights for the quarter (USD)
Revenue at USD 1472.6 mn; up 6.4% QoQ and 16.4% YoY Revenue growth at 7.2% QoQ in constant currency terms EBITDA at USD 269.8 mn; up 6.1% QoQ, up 17.2% YoY Margins at 18.3% Profit after tax (PAT) at USD 181.0 mn; down 1.2% QoQ and up 26.0% YoY Free cash flow at $ 187.9 mn, conversion to PAT at 103.8%
Financial highlights for the quarter (₹)
Revenue at ₹ 10,881 crores; up 6.7% QoQ and 16.1% YoY EBITDA at ₹ 1,995 crores; up 6.3% QoQ, up 17.2% YoY Consolidated PAT at ₹ 1,339 crores; down 1.1% QoQ and up 25.8% YoY The Board has proposed a special dividend of ₹ 15/- per share (300%)
Other Highlights
Total headcount at 141,193, up 14,930 QoQ Cash and Cash Equivalent at USD 1626 mn as of September 30, 2021 220

CP Gurnani, Managing Director & Chief Executive Officer, Tech Mahindra, said, “As we record our highest sequential growth in a decade, we remain committed to deliver long-term sustainable and profitable growth for the company.  We have witnessed strong traction across all key markets as we invest in our digital capabilities through strategic partnerships. We continue to accelerate our clients’ digital journey by creating Human Centric Experiences, helping them gear up for tomorrow, today.”

Milind Kulkarni, Chief Financial Officer, Tech Mahindra, said, “Our strong execution has ensured that we maintain our profitability margins while accelerating growth momentum. We remain committed on the operational excellence journey we have boarded, and continue to create value to shareholders through efficient capital return”

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