Tech Mahindra Q2 Results: Blockbuster Earning, Consolidated PAT Skyrockets 153% YoY To Rs 1,250 Crore; Details

Mahindra Group-backed IT giant, Tech Mahindra beats estimates in Q2 of FY25, with consolidated net profit skyrocketing by a whopping 153.1% year-on-year. Sequentially, the PAT jumped by 46.8%. In terms of top-line front, Tech Mahindra's revenue stood at Rs 13,313 crore, registering growth of 2.4% QoQ and 3.5% YoY.

In the quarter, the EBITDA stood at Rs 1,750 crore, rising by 11.9% QoQ, and 63.2% YoY.

In the dollar terms, revenue came in at $ 1,589 million, registering growth of 2.2% YoY and 1.9% QoQ. Revenue grew by 0.7% QoQ, up by 1.2% YoY in constant currency terms.

Furthermore, EBITDA in USD terms stood at $209 million, up 11.3% QoQ and 61.4% YoY. EBITDA Margin 13.1%, up 110 bps QoQ, up 480 bps YoY. Meanwhile, Profit after tax (PAT) is USD 149 mn; up 46.1% QoQ, up 150.7% YoY, while PAT Margin is 9.4%, up 280 bps QoQ, up 560 bps YoY.

Mohit Joshi, Chief Executive Officer and Managing Director, Tech Mahindra, said, "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."

Moreover, Rohit Anand, Chief Financial Officer, Tech Mahindra, said, "This quarter we see consistent performance around increasing deal wins, revenue growth, cost optimization and steady free cash flow generation as we continue our journey towards FY27 stated targets. In line with our capital allocation policy, the board has declared an interim dividend of Rs. 15 per share."

Tech Mahindra offers technology consulting and digital solutions to global enterprises across industries, enabling transformative scale at unparalleled speed. With 150,000+ professionals across 90+ countries helping 1100+ clients, Tech Mahindra provides a full spectrum of services including consulting, information technology, enterprise applications, business process services, engineering services, network services, customer experience & design, AI & analytics, and cloud & infrastructure services.

On BSE, Tech Mahindra's share price stood at Rs 1688 apiece, down by 0.7% on Friday, with a market cap of Rs 1,65,145.40 crore.