Tech Mahindra Q3 results FY25 declared a massive 93% year-on-year increase in net profit at ₹983 crores. On the Tech Mahindra results date which was January 17, 2025, the Tech Mahindra share price closed at ₹1,660.30. So, let’s get into the details of the Tech Mahindra Q3 results and its key findings.
Tech Mahindra Q3 Results FY25: Key Highlights
- Tech Mahindra, a leading IT technology consulting and digital services company declared a revenue of ₹13,286 crores and it was down 0.2% on a sequential basis.
- According to the Tech Mahindra Q3 results, consolidated PAT rose up 11.5% QoQ and 92.6% YoY to ₹983 crores.
- EBITDA grew by 3.4% QoQ and 57.8% YoY to ₹1,809 crores in the third quarter of FY25.
- In the third quarter of FY25, the basic EPS was ₹11.10, higher than the basic EPS of ₹5.77 in the corresponding quarter of FY24.
- The total headcount was 1,50,488 and it was down 3,785 QoQ and up 4,238 YoY.
- LTM IT attrition rate was 11.2%
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The summary of Tech Mahindra Q3 results highlights the net profit growth but there is a decline in free cash flow on a year-on-year basis.
Consolidated Numbers | Q3 FY25 | Q3 FY24 | YoY Change |
---|---|---|---|
Net Profit (in ₹ crores) | 983 | 510 | 93% |
Revenue (in ₹ crores) | 13,286 | 13,101 | 1% |
Free Cash Flow (in $ million) | 199 | 228 | -13% |
New Deal Wins TCV (in $ million) | 745 | 381 | 96% |
EBIT Margin (%) | 10.2% | 5.4% | 5% |
PAT Margin (%) | 7.4% | 3.9% | 4% |
Tech Mahindra Q3 Results: Management Commentary
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.”
Highlighting the Tech Mahindra share price performance, it has generated a negative return of around 3% in the last 1 week (as on January 17, 2025). Keep exploring stocks and open demat account with SMC Global Securities. Stay tuned for the upcoming Nifty 50 companies quarterly results.
References:
SMC Global Securities Research Team
Author: All Content is verified by SMC Global Securities.
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