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Tech Mahindra Q1FY22 Conference Call Highlights

Tech Mahindra Q1FY22 Conference Call Highlights

Published on 02 August 2021 Views 22 Comments 0

Financials

  • Revenue stood at ₹10,197.6 crore, up 12% from ₹9,106.3 crore in the year-ago period.
  • 39.2% rise in consolidated net profit at ₹1,353.2 crore for June quarter 2021-22.
  • In dollar terms, net profit grew 42.2% to $183.2 million, while revenue rose 14.6% to $1,383.6 million from the year-ago period.
  • EBITDA, EBIT and PAT margins were 18.4%, 15.2% and 13.3% respectively.
  • Its cash and cash equivalent was at $1,818.2 million as of June 30, 2021.

Other Highlights

  • Q1 is always the weak quarter for the company mainly due to wage hikes and the seasonal nature of mobility business.
  • Margins were affected due to seasonal nature of mobility business, wage hikes and high subcontracting costs.
  • Tax rate will remain in the range of 22 to 24% for the company going forward.
  • Margins will be normalized in the coming quarters
  • Double digit organic growth expected for the year and 15% EBIT margins.
  • Company is actively engaged in developing transformational solutions in 5G areas for Telcos, ecosystem as well as enterprises.
  • Company will not foray into the High volume- low margin business in 5G area.
  • Tech Mahindra's total headcount stood at 1,26,263, up by 5,209 employees on a sequential basis.

 

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