Tech Mahindra Results Earnings Call for Q2FY24

Conference Call with Tech Mahindra Ltd. Management and Analysts on Q2FY24 Performance and Outlook. Listen to the full earnings transcript.
25-10-2023
Bigul

Q2FY24 Quarterly Result Announced for Tech Mahindra Ltd.

IT Consulting & Software company Tech Mahindra announced Q2FY24 results: Financial highlights for the quarter (USD): Revenue: USD 1,555 million; down 2.8% QoQ, down 5.1% YoY. In constant currency terms, revenue declined by 2.4% QoQ. EBITDA: USD 129 million; down 20.5% QoQ, down 47.3% YoY. Margin at 8.3%, down 180 bps QoQ. Profit after tax (PAT): USD 59 million; down 29.3% QoQ, down 62.5% YoY. Free cash flow: USD 213 million. Financial highlights for the quarter (INR): Revenue: Rs 12,864 crore; down 2.2% QoQ, down 2.0% YoY. EBITDA: Rs 1,072 crore; down 19.9% QoQ, down 46.0% YoY. Consolidated PAT: Rs 494 crore; down 28.7% QoQ, down 61.6% YoY. Earnings per share (EPS): Rs 5.6. The Board approved an interim dividend of Rs 12 per share. Other Highlights: Total headcount: 1,50,604, up 2,307 QoQ. Cash and Cash Equivalent: Rs 6,515 crore as of September 30, 2023. Result PDF
25-10-2023
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