Financials: Tech Mahindra Stock Analysis
Revenue stood at ₹10,197.6 crores, up 12% from ₹9,106.3 crores in the year-ago period.
39.2% rise in consolidated net profit at ₹1,353.2 crores 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.
It's cash and cash equivalent was at $1,818.2 million as of June 30, 2021.
Other Highlights: Company Analysis Tech Mahindra
Q1 is always the weak quarter for the company mainly due to wage hikes and the seasonal nature of the mobility business.
Margins were affected due to the seasonal nature of the mobility business, wage hikes, and high subcontracting costs.
The 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.
The company is actively engaged in developing transformational solutions in 5G areas for Telcos, the ecosystem as well as enterprises.
The company will not foray into the High volume- low-margin business in the 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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