Buy Tech Mahindra; target of Rs 1220: Sharekhan
Sharekhan is bullish on Tech Mahindra has recommended buy rating on the stock with a target price of Rs 1220 in its research report dated November 01, 2022.02-11-2022
Buy Tech Mahindra; target of Rs 1220: Sharekhan
Sharekhan is bullish on Tech Mahindra has recommended buy rating on the stock with a target price of Rs 1220 in its research report dated November 01, 2022.TECH MAHINDRA LTD. - 532755 - Outcome Of Board Meeting Held On 1St November, 2022 - Additional Details Regarding Time Of Commencement And Conclusion Of The Board Meeting.
Further to our intimation dated 1st November, 2022 with regard to the Outcome of the Board Meeting, please note that the Board meeting held on 31st October, 2022 commenced at 2.30 p.m. IST and was adjourned at 4.00 p.m. IST to reconvene on 1st November, 2022. The adjourned Board Meeting to consider Financial Results & payment of Special Dividend reconvened at 2.30 p.m. IST on 1st November, 2022 and concluded at 3.15 p.m. IST. The details of the Board Meeting commencement and conclusion was already mentioned in the financials filed in XBRL mode.TECH MAHINDRA LTD. - 532755 - Announcement under Regulation 30 (LODR)-Newspaper Publication
In terms of Regulation 47 of SEBI Listing Regulations, please find enclosed copies of newspaper advertisement dated 2nd November, 2022 published in Business Standard & Economic Times (in English) and Maharashtra Times (in Marathi), regarding Extract of Consolidated Audited Interim Financial Results of the Company and its subsidiaries for the quarter and six months period ended 30th September, 2022.Q2FY23 Quarterly Result Announced for Tech Mahindra Ltd.
IT company Tech Mahindra announced Q2FY23 results: In $: Revenue at $ 1,638 million; up 0.3% QoQ and up 11.2% YoY Revenue growth 2.9% QoQ in constant currency terms EBITDA at $ 246 million; up 2.9% QoQ, down 9.0% YoY EBITDA margin at 15.1%, up 30 bps Profit after tax (PAT) at $ 159 million; up 11.2% QoQ and down 12.3% YoY Free cash flow at $ 253 million, conversion to PAT at 159% In Rs: Revenue at Rs 13,129 crore; up 3.3% QoQ and up 20.7% YoY EBITDA at Rs 1,984 crore; up 5.5% QoQ, down 0.6% YoY Consolidated PAT at Rs 1,285 crore; up 13.6% QoQ and down 4.0% YoY The Board has approved a special dividend of Rs 18/- per share (360%) on the FV of Rs 5. CP Gurnani, Managing Director & Chief Executive Officer, Tech Mahindra, said, "We continue to focus on being resilient and agile to ensure long-term value for our people, customers, partners, and the society at large. While market conditions evolve and supply-side challenges continue, we will strengthen our differentiated offerings to help customers in their transformation journey through our integrated & new-age solutions." Rohit Anand, Chief Financial Officer, Tech Mahindra, said, "We have taken several targeted measures to achieve operational efficiencies and ensure long term sustainable growth. While we continue to address the dynamic market conditions, we will remain focused on creating value for our stakeholders, through continued operational rigor, robust cash generation and prudent capital a/location. Additionally, we have also announced a special dividend of INR 18 per share, in line with our capital a/location policy." Result PDFResults Earnings Call for Q2FY23 of Tech Mahindra
Conference Call with Tech Mahindra Management and Analysts on Q2FY23 Performance and Outlook. Listen to the full earnings transcript.TECH MAHINDRA LTD. - 532755 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
In terms of Regulation 30 and 46 read with clause 15 of Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby confirm that we have uploaded audio recording of earnings conference call for the quarter ended 30th September, 2022 conducted after the meeting of Board of Directors held on 1st November, 2022 on the website of the Company at: https://www.techmahindra.com/en-in/investors/quarter-results/?qfy=q2fy23#fy23q2audioTECH MAHINDRA LTD. - 532755 - Announcement under Regulation 30 (LODR)-Date of payment of Dividend
Pursuant to Regulation 33 read with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform that the Board of Directors of the Company at its meeting held today: 1. Approved the Audited financial results and consolidated financial results of the Company for the second quarter and half year ended 30th September, 2022, together with Auditors Report thereon. 2. Declared Special dividend of Rs. 18/- per equity share of Rs. 5/- each i.e. 360% of the face value. 3. Fixed 10th November, 2022 as the Record Date for determining the members entitled to receive the Special Interim dividend. The Special dividend shall be paid on Thursday, 24th November, 2022 to equity shareholders of the Company whose names appear on the Register of Members of the Company or in the records of Depositories as beneficial owners of the shares as on Thursday, 10th November, 2022.TECH MAHINDRA LTD. - 532755 - Corporate Action-Board approves Dividend
Pursuant to Regulation 33 read with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform that the Board of Directors of the Company at its meeting held today: 1. Approved the Audited financial results and consolidated financial results of the Company for the second quarter and half year ended 30th September, 2022, together with Auditors Report thereon. 2. Declared Special dividend of Rs. 18/- per equity share of Rs. 5/- each i.e. 360% of the face value. 3. Fixed 10th November, 2022 as the Record Date for determining the members entitled to receive the Special Interim dividend. The Special dividend shall be paid on Thursday, 24th November, 2022 to equity shareholders of the Company whose names appear on the Register of Members of the Company or in the records of Depositories as beneficial owners of the shares as on Thursday, 10th November, 2022.