TECH MAHINDRA - Quarterly Result

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TECH MAHINDRA - Quarterly Result
BY A STAFF REPORTER


•    Consolidated revenue from operations grew 4.80% to Rs 10,197.60 crore in Q1 June 2021 from Rs 9,729.90 crore in Q4


March 2021.


•    Profit before tax surged 16.20% to Rs 1,794.30 crore in Q1 FY22 as against Rs 1,544.10 crore in Q4 FY21.


•    Consolidated EBITDA stood at Rs 1,876.40 crore during the quarter, falling 3.7% Q-o-Q (quarter-on-quarter) from Rs


1,948.10 crore in Q4 FY21 and up 44.3% Y-o-Y (year-on-year) from Rs 1,300.50 crore in Q1 FY21.


•    EBITDA margin improved to 18.4% in Q1 FY22 from 14.3% in Q1 FY21 while it registered a margin of 20% in Q4 FY21.


•    The company's consolidated net profit rose 25.1% to Rs.1353.20 crores in Q1 June 2021 from Rs. 1081.40 in Q1 June


2020.


•    In terms of dollars (USD), revenue was at $1,383.60 million in Q1 FY22; growing 4.1% Q-o-Q and 14.6% Y-o-Y. Revenue growth stood at 3.9% Q-o-Q in constant currency terms. EBITDA was at $254.30 million; slipping 4.4% Q-o-Q in Q4 FY21 and up 47.5% Y-o-Y from Q1 FY21. Margins stood at 18.4%, falling 160 bps on a sequential basis. Profit after tax (PAT) was at $183.20 million; rising 24.1% Q-o-Q and 42.2% Y-o-Y. Free cash flow stood at $172.40 million with a conversion to PAT at 94.1%.


•    Total headcount at Tech Mahindra was 1,26,263 in Q1 FY22 as against 1,23,416 in Q1 FY21 and 1,21,054 in Q4 FY21.


•    The firm secured total net new deals worth $815 million in Q1 FY22 as compared to $290 million in Q1 FY21 and $1,043 million in Q4 FY21.


•    The IT attrition rate stood at 17% in Q1 FY22 as well as in Q1 FY21 and 13% in Q4 FY21.


•    Cash and cash equivalent stood at Rs 13,514.60 crore as of 30 June 2021 over Rs 10,408.30 as of 30 June 2020 and Rs


13,019.90 crore in 31 March 2021.






Source : Eureka


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