Tech Mahindra Q3 Results: Consolidated PAT Climbs 93% YoY To Rs 983.2 Crore; Full Report Card Of Earnings Here

Tech Mahindra, the technology and services company of Mahindra Group, logged 92.63% growth in consolidated net profit of Rs 983.2 crore in the third quarter of FY25, compared to PAT of Rs 510.4 crore in Q3 of FY24. Consolidated revenue from operations also saw a marginal upside of 1.40% to Rs 13,285.6 crore in Q3FY25, as against Rs 13,101.3 crore in Q3FY24. However, sequentially, the performance was down in the quarter under review.

The IT player reported a 21.35% decline in Q3FY25 PAT compared to a profit of Rs 1,25.01 crore in Q2FY25. Consolidated revenue marginally dipped from revenue of Rs 13,313.2 crore in Q2FY25.

In dollar terms, Tech Mahindra reported revenue of $1,567 million, which was down by 1.3% QoQ and 0.4% YoY. However, revenue grew by 1.2% QoQ and by 1.3% YoY in constant currency terms.

Meanwhile, EBITDA stood at $213 million, up 2.0% QoQ and higher by 54.7% YoY. EBITDA Margin 13.6%, up 40 bps QoQ, up 480 bps YoY. Also, Cash and Cash Equivalent at the end of the quarter is Rs 6,841 crore.

Mohit Joshi, Chief Executive Officer and Managing Director, Tech Mahindra, said, said, "We see an improved rate of deal wins in our key verticals and prioritised 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."

Also, 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 a steady increase in new deal wins, across prioritised verticals and markets. Our continued focus on optimising working capital management has resulted in the generation of robust free cash flow."

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 was at Rs 1658.85 apiece, down by 1.81% with a market cap of Rs 1,62,366.09 crore.