Tech Mahindra Posts Impressive 92.6% YoY PAT Growth in Q3 FY25

· Revenue USD 1,567 mn; down 1.3% QoQ, down 0.4% YoY

o Revenue grew by 1.2% QoQ and by 1.3% YoY in constant currency terms

· EBITDA USD  213 mn; up 2.0% QoQ, up 54.7% YoY

· EBITDA Margin 13.6%, up 40 bps QoQ, up 480 bps YoY

· Profit after tax (PAT) USD 116 mn; Operational PAT* up 9.9% QoQ; up 88.5% YoY

· PAT Margin 7.4%, Operational PAT* Margin up 80 bps QoQ, up 350 bps YoY

· Free cash flow USD 199 mn

· New deal wins TCV USD 745 mn

Financial highlights for the quarter (₹)

· Revenue ₹ 13,286 crores; down 0.2% QoQ, up 1.4% YoY

· EBITDA ₹ 1,809 crores; up 3.4% QoQ, up 57.8% YoY

· Consolidated PAT ₹ 983 crores; Operational PAT* up 11.5% QoQ; up 92.6% YoY

· Earnings per share (EPS) ₹ 11.08

Other Highlights

· Total headcount at the end of the quarter 150,488; down 3,785 QoQ, up 4,238 YoY

· LTM IT attrition 11.2%

· Days of Sales Outstanding 88 days; down 6 days QoQ, down 3 days YoY

· Cash and Cash Equivalent at the end of the quarter ₹ 6,841 crores

Mohit Joshi, Chief Executive Officer and Managing Director, Tech Mahindra, said, “We see an improved rate of deal wins in our key verticals and priortised markets. This coupled with consistent expansion in operating margins, despite cross-currency headwinds during the quarter, reaffirms that we are on track to achieve our long-term goals.”

Rohit Anand, Chief Financial Officer, Tech Mahindra, said, “We delivered growth in EBIT margin and operating PAT, both on a sequential and year-on-year basis, resulting from our targeted actions under Project Fortius, along with steady increase in new deal wins, across prioritised verticals and markets. Our continued focus on optimising working capital management has resulted in generation of robust free cashflow.”

^{𝐒𝐭𝐚𝐲 𝐢𝐧𝐟𝐨𝐫𝐦𝐞𝐝 𝐰𝐢𝐭𝐡 𝐨𝐮𝐫 𝐥𝐚𝐭𝐞𝐬𝐭 𝐮𝐩𝐝𝐚𝐭𝐞𝐬 𝐛𝐲 𝐣𝐨𝐢𝐧𝐢𝐧𝐠 𝐭𝐡𝐞 WhatsApp Channel now! 👈📲}

^{𝑭𝒐𝒍𝒍𝒐𝒘 𝑶𝒖𝒓 𝑺𝒐𝒄𝒊𝒂𝒍 𝑴𝒆𝒅𝒊𝒂 𝑷𝒂𝒈𝒆𝐬} 👉 ^{Facebook, LinkedIn, Twitter, Instagram}