Chennai – January 20, 2025.
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 December 31, 2024.
| Financial highlights for the quarter (USD) | |
| Revenue USD 1,567mn; down1.3% QoQ, down0.4% YoYRevenue grew by 1.2% QoQand by 1.3% YoY in constant currency termsEBITDA USD 213mn; up 2.0% QoQ,up 54.7% YoYEBITDA Margin 13.6%, up 40bps QoQ, up480bps YoYProfit after tax (PAT) USD 116mn; Operational PAT* up9.9% QoQ;up 88.5% YoYPAT Margin 7.4%, Operational PAT* Margin up 80 bps QoQ, up 350 bps YoYFree cash flow USD 199mnNew deal winsTCV USD 745 mn | |
| Financial highlights for the quarter (₹) | |
| Revenue ₹ 13,286crores; down0.2% QoQ, up1.4% YoYEBITDA ₹ 1,809crores; up 3.4% QoQ, up57.8% YoYConsolidated PAT ₹983crores; Operational PAT* up11.5% QoQ;up92.6% YoYEarnings per share (EPS) ₹11.08 | |
| Other Highlights | |
| Total headcount at the end of the quarter 150,488;down3,785 QoQ, up4,238YoYLTM IT attrition 11.2%Days of Sales Outstanding 88 days; down6 days QoQ, down 3 days YoYCash and Cash Equivalent at the end of the quarter ₹6,841crores * Operational PAT – excludes exceptional item of land sale proceeds in Q2’25 | |
Mohit Joshi, Chief Executive Officerand Managing Director, Tech Mahindra,said,
“We see an improved rate of deal wins in our key verticals and priortised markets. This coupled with consistent expansion in operating margins, despite cross-currency headwinds during the quarter, reaffirms that we are on track to achieve our long-term goals.”
Rohit Anand, Chief Financial Officer, Tech Mahindra, said,
“We delivered growth in EBIT margin and operating PAT, both on a sequential and year-on-year basis, resulting from our targeted actions under Project Fortius, along with steady increase in new deal wins, across prioritised verticals and markets. Our continued focus on optimising working capital management has resulted in generation of robust free cashflow.”
