Tech Mahindra Q3 FY24 A mixed bag, staring at a reset with the ongoing restructuring
Restructuring aims to maximise revenues, improve margins, and create a future-ready organisation25-01-2024
25-01-2024
TECH MAHINDRA LTD. - 532755 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
Audio recordings of earnings conference call for the quarter ended 31st December, 202324-01-2024
Tech Mahindra Results Earnings Call for Q3FY24
Conference Call with Tech Mahindra Management and Analysts on Q3FY24 Performance and Outlook. Listen to the full earnings transcript.24-01-2024
Q3FY24 Quarterly Result Announced for Tech Mahindra Ltd.
IT Consulting & Software company Tech Mahindra announced Q3FY24 results: Financial Highlights In USD: Revenue at USD 1,573 million; up 1.1% QoQ, down 5.7% YoY Revenue up by 1.1% QoQ, declined by 5.4% YoY in constant currency terms EBITDA at USD 138 million; up 6.4% QoQ, down 47.1% YoY; Margin at 8.8%, up 40 bps QoQ Profit after tax (PAT) at USD 61 million; up 3.0 % QoQ, down 61.0 % YoY Free cash flow at USD 228 million In INR: Revenue at Rs 13,101 crore; up 1.8% QoQ, down 4.6% YoY EBITDA at Rs 1,146 crore; up 6.9% QoQ, down 46.5% YoY Consolidated PAT at Rs 510 crore; up 3.4% QoQ, down 60.6% YoY Earnings per share (EPS) at Rs 5.8 Workforce Data Total Headcount: 1,46,250, a decrease from the previous quarter's 1,50,604. Attrition Rate: Long Term (LTM) attrition in IT reported at 17%. Mohit Joshi, Managing Director & Chief Executive Officer, Tech Mahindra, said, "The quarter was a mixed outcome, with growth in the Manufacturing and Healthcare segments but muted spending in areas like Communications, BFSI, and Hi-tech. While this dichotomy in the markets will take its own time to settle, we are focusing internally on realigning under the new structure and strengthening the foundations of our organisation." Rohit Anand, Chief Financial Officer, Tech Mahindra, said, "This year has given us the opportunity to step back and review our portfolio. We are confident that these actions will help us correct our course and deliver value in the long term. We are encouraged by the robust cash conversions this year, and we hope to continue this rigor in other operational areas as well." Result PDF24-01-2024
TECH MAHINDRA LTD. - 532755 - Announcement under Regulation 30 (LODR)-Restructuring
Outcome of Board Meeting held on 24th January, 2024- Merger24-01-2024
TECH MAHINDRA LTD. - 532755 - Announcement under Regulation 30 (LODR)-Meeting Updates
Outcome of the Board meeting held on 24th January, 2024- Merger and Amendment of ESOP Scheme.24-01-2024
TECH MAHINDRA LTD. - 532755 - Board Meeting Outcome for Outcome Of The Board Meeting Held On 24Th January, 2024
We wish to inform that the Board of Directors of the Company at its meeting held today, 24th January 2024 have inter alia approved the audited financial results and audited consolidated financial results of the Company for the third quarter and nine months ended 31 s1 December, 2023 together with Auditors Report thereon.24-01-2024
TECH MAHINDRA LTD. - 532755 - Outcome Of The Board Meeting Held On 24Th January, 2024.
We wish to inform that the Board of Directors of the Company at its meeting held today, 24th January, 2024 have inter alia approved audited financial results and audited consolidated financial results of the Company for the third quarter and nine months ended 31st December, 2023 along with Auditor''s report thereon.24-01-2024
Tech Mahindra Launches ESG Risk Assessment Platform For Businesses
The risk management platform is aimed at allowing organisations to identify, assess and manage climate-related risks.23-01-2024
Davos 2024: Tech Mahindra To Grow BFSI At Outsized Pace, Says CEO Mohit Joshi
Joshi called for a holistic approach to grow the business amid a downturn.19-01-2024