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Will FY24 be a year of 2-3% growth or further decline for Tech Mahindra? Here's what the management says

 Tech Mahindra's profit dropped 39% in Q1. While it has been a challenging quarter, CP Gurnani, MD & CEO, remains optimistic and said there are "four facts" that will create better solutions: people investments, technology investments, deep customer relationships, and investment in communication and AI. Incoming CEO Mohit Joshi said the service lines were world-beating and added they will be developing a plan to address the challenging economic environment.
27-07-2023
Bigul

TECH MAHINDRA LTD. - 532755 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

 Audio recordings of earnings conference call for the quarter ended 30th June, 2023.
26-07-2023
Bigul

Q1FY24 Quarterly Result Announced for Tech Mahindra Ltd.

 IT Consulting & Software company Tech Mahindra announced Q1FY24 results: In terms of USD: Revenue at USD 1,601 million; down 4.0% QoQ, down 1.9% YoY Revenue reduced by 4.2% QoQ in constant currency terms EBITDA at USD 163 million; down 33.7% QoQ, down 31.8% YoY EBITDA Margin at 10.2%, down 460 bps QoQ Profit after tax (PAT) at USD 84 million; down 38.0% QoQ, down 41.1% YoY Free cash flow at USD 106 million, conversion to PAT at 126% In terms of INR: Revenue at Rs 13,159 crore; down 4.1% QoQ, up 3.5% YoY EBITDA at Rs 1,338 crore; down 33.8% QoQ, down 28.8% YoY Consolidated PAT at Rs 693 crore; down 38.0% QoQ, down 38.8% YoY Earnings per share (EPS) was at Rs 7.82 Total headcount at 1,48,297 down 4,103 QoQ Cash and Cash Equivalent at Rs 7,701 crore as of June 30, 2023 CP Gurnani, Managing Director & Chief Executive Officer, Tech Mahindra, said, "Our results this quarter reflect the uncertainty in the global economy and the IT sector. We are confident that we have the right strategy and the right team to overcome this temporary setback and deliver long-term value for our customers and shareholders." Rohit Anand, Chief Financial Officer, Tech Mahindra, said, "This quarter was a challenging one for us as revenue growth faced strong headwinds, and that had an impact on profitability. We have taken swift and decisive actions to address these issues and improve our execution." Result PDF
26-07-2023
Bigul

TECH MAHINDRA LTD. - 532755 - Outcome Of Board Meeting Held On 26Th July, 2023.

 Outcome of Board Meeting held on 26th July, 2023.
26-07-2023
Bigul

TECH MAHINDRA LTD. - 532755 - Board Meeting Outcome for Outcome Of Board Meeting Held On 26Th July, 2023.

 Outcome of Board Meeting held on 26th July, 2023.
26-07-2023

Tech Mahindra Share Price Live blog for 25 Jul 2023

 Tech Mahindra stock price went down today, 25 Jul 2023, by -3.28 %. The stock closed at 1195.25 per share. The stock is currently trading at 1156.05 per share. Investors should monitor Tech Mahindra stock price closely in the coming days and weeks to see how it reacts to the news.
25-07-2023

Tech Mahindra Share Price Live blog for 21 Jul 2023

 Tech Mahindra stock price went down today, 21 Jul 2023, by -3.71 %. The stock closed at 1252.75 per share. The stock is currently trading at 1206.25 per share. Investors should monitor Tech Mahindra stock price closely in the coming days and weeks to see how it reacts to the news.
21-07-2023

Tech Mahindra Share Price Live blog for 20 Jul 2023

 Tech Mahindra stock price went down today, 20 Jul 2023, by -0.18 %. The stock closed at 1246.7 per share. The stock is currently trading at 1244.45 per share. Investors should monitor Tech Mahindra stock price closely in the coming days and weeks to see how it reacts to the news.
20-07-2023

Tech Mahindra Share Price Live blog for 19 Jul 2023

 Tech Mahindra stock price went up today, 19 Jul 2023, by 0.35 %. The stock closed at 1242.35 per share. The stock is currently trading at 1246.7 per share. Investors should monitor Tech Mahindra stock price closely in the coming days and weeks to see how it reacts to the news.
19-07-2023

Tech Mahindra Share Price Live blog for 18 Jul 2023

 Tech Mahindra stock price went up today, 18 Jul 2023, by 1.24 %. The stock closed at 1227.95 per share. The stock is currently trading at 1243.15 per share. Investors should monitor Tech Mahindra stock price closely in the coming days and weeks to see how it reacts to the news.
18-07-2023
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