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Tech Mahindra Q1FY22 Conference Call Highlights | Invest Yadnya

Tech Mahindra Q1FY22 Conference Call Highlights

Published on 02 August 2021 .Views 39 .Comments 0
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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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