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Tech Mahindra Q2 Results FY24-25 Highlights: Consistent Growth in Revenue and Profitability

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Synopsis:

Tech Mahindra reported Q2 FY25 results with revenue of ₹13,313 Cr and PAT of ₹1,250 Cr. The company’s EBIT margin improved to 9.6%, driven by strategic initiatives and growth across key business segments.

Tech Mahindra announced its Q2 FY25 financial results, showing steady growth across key financial metrics. The company's consolidated revenue stood at ₹13,313 Cr, and PAT reached ₹1,250 Cr, reflecting strong operational performance and strategic execution.

Key Highlights/Quick Insights

  • Revenue: ₹13,313 crore (up 1.9% QoQ, 2.2% YoY)
  • EBIT Margin: 9.6% (up 490 bps YoY)
  • PAT Margin: 9.4% (up 560 bps YoY)
  • Net New Deal Wins: ₹5,215 crore
  • Interim Dividend: ₹15 per share

Tech Mahindra also declared an interim dividend of ₹15 per share, reinforcing its commitment to providing consistent returns to shareholders.

TECH MAHINDRA LIMITED

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1710.2-2.20 (-0.12 %)

Updated - 24 December 2024
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Quarterly Performance - Tech Mahindra Q2 FY24-25

In Q2 FY25, Tech Mahindra demonstrated strong quarterly growth. The company’s consolidated revenue reached ₹13,313 crore, showcasing a 1.9% QoQ and 2.2% YoY growth. EBIT margins rose to 9.6%, reflecting effective cost management and strategic business initiatives. PAT stood at ₹1,250 crore, driven by higher profitability across various business segments.

Segment Highlights

Tech Mahindra’s key business segments contributed to the growth:

  • Communications: 33.4% of revenue (down 1.7% YoY)
  • Manufacturing: 17.2% of revenue (up 0.6% YoY)
  • Banking, Financial Services & Insurance (BFSI): 15.8% of revenue (up 4.5% YoY)
  • Technology, Media & Entertainment: 14.3% of revenue (up 2.4% YoY)
  • Healthcare & Lifesciences: 7.4% of revenue (up 4.5% YoY)
  • Retail, Transport & Logistics: 7.9% of revenue (up 4.7% YoY)

Sector Expectations for Tech Mahindra Q2 Results FY24-25

Tech Mahindra’s Q2 FY25 performance exceeded industry expectations, especially in BFSI and Retail. With a focus on expanding digital transformation and strengthening its partnership ecosystem, the company continues to remain a key player in the IT services market.

Management Commentary

Mohit Joshi, CEO of Tech Mahindra, commented on the company’s Q2 performance:

“We continue to progress on our strategic improvement efforts even as the overall IT services industry has remained soft. We have focused on strengthening client relationships and expanding the partner ecosystem while maintaining a sharp focus on operational excellence through project Fortius, which has resulted in an expansion of margins for the third sequential quarter.”

Tech Mahindra Q2 FY’24-25 Results Highlights:

Metric

Q2 FY24

Q1 FY25

Q2 FY25

Revenue (₹ Cr)

12,864

13,055

13,313

EBIT (₹ Cr)

1,266

844

1,280

PAT (₹ Cr)

505

865

1,258

EBIT Margin (%)

9.60%

8.50%

4.70%

Check out Tech Mahindra's past performances in previous quarters and financial years.

Conclusion:

In conclusion, Tech Mahindra's Q2 FY25 results reflect a solid financial performance with steady growth in revenue and profitability across key business segments. The company’s focus on operational efficiency and strategic initiatives, like Project Fortius, has significantly contributed to margin expansion for the third consecutive quarter. With robust new deal wins and promising growth in sectors like BFSI and Retail, Tech Mahindra is well-positioned to maintain its upward trajectory in the competitive IT services landscape. As the company continues to innovate and expand its digital capabilities, investors can expect sustained long-term value creation.

Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.

This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

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