Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Stock Report

| More

Tech Mahindra Ltd reports financial results for Q3FY19

Posted On: 2019-02-05 17:03:20

Tech Mahindra Ltd., a leading provider of digital transformation, consulting and business re-engineering services and solutions, today announced the audited consolidated financial results for its third quarter ended Dec 31, 2018.

Financial highlights for the guarter

- Revenue at Rs. 8,944 crore; up 15.0% YoY and up 3.6% QoQ
- EBITDA at Rs. 1,723 crore; up 36.2% YoY and 6.4% QoQ
- EBITDA margins at 19.3%; up 300 bps YoY and 50 bps QoQ
- Consolidated PAT at Rs. 1,203 crore; up 27.5% YoY; and 13.0% QoQ
- Earnings per Share (EPS) was Rs. 13.55 for the quarter ended Dec 31, 2018

Financial highlights for the guarter (USD)

- Revenue at USD 1,260.8 mn; up 4.3% YoY and up 3.5% QoQ
- Revenue growth up 4.3% QoQ, in Constant Currency terms
- EBITDA at USD 2447 mn; up 24.2% YoY and up 7.8% QoQ
- Consolidated PAT at USD 171.1 mn, up 16.4% YoY and up 14.5% QoQ

Other Highlights

- Total headcount at 121,842; up 3,451 QoQ
- Software headcount stood at 71,785; BPO at 43,439
- Free cash flow of $ 160.3 mn; cash conversion to PAT at 94%
- Cash and Cash equivalent of $ 1,251.8 mn as of Dec 31, 2018
- The Active Client count stood at 935 in Q3, up by 5 QoQ

C P Gurnani, Managing Director& Chief Executive Officer, Tech Mahindra said, "This is a milestone quarter for Tech Mahindra with 5 billion dollars annual revenue run rate in sight. The current quarter has been impressive on all fronts, delivering steady growth in Enterprise and Communications business along with margin expansion. Our Run, Change and Grow strategy has helped us deliver a strong 10% sequential growth in digital revenues. We are confident of continuing the growth momentum."

Manoj Bhat, Chief Financial Officer, Tech Mahindra said, "We continue to improve on our operating metrics across most of our business lines. We have clocked yet another strong quarter, in terms of revenue growth, continued EBITDA margin improvement, cash flow and robust deal wins. This continued thrust on optimization and yield management has helped us achieve margin improvement of 300 bps on a YoY basis."

Shares of TECH MAHINDRA LTD. was last trading in BSE at Rs.750 as compared to the previous close of Rs. 749.4. The total number of shares traded during the day was 142231 in over 2632 trades.

The stock hit an intraday high of Rs. 762 and intraday low of 740.4. The net turnover during the day was Rs. 106438154.

Source: Equity Bulls

Click here to send ur comments or to

Other Headlines:

Ajmera Realty and Infra India Ltd awarded Developer of the Year - Residential category award

CARE reaffirms ratings of Chaman Lal Setia Exports Ltd

Hon'ble NCLAT upholds the Resolution Plan of MBL Infra

Avana's Water Conservation Solution Becomes Best CSR Idea Of The Year

Coffee Day Enterprises Ltd update On Debt Position

Mahindra inaugurates its 1st automotive assembly plant in Sri Lanka, expands global footprint

TVS Motor Singapore invests US$ 3.2 Million in Predictronics Corporation

NACL Industries Ltd reports financial results for Q1 FY20

Precision Camshafts Limited - Q1 FY2020 results

SREI Equipment Finance Ltd's NCD issue opens on Aug 16, 2019

Transform Banking with Newgen at FIBAC 2019

Hero MotoCorp surpasses milestone of 1000 women employees

Sun Pharma and China Medical System Holdings Enter into Licensing Agreement for Generic Products in Mainland China

IFIN & RCFL initiate proceedings against SKIL Infrastructure Ltd

Kridhan Infra Limited - VNC wins new orders worth INR 145 Crores

Ram Ratna Wires Ltd fixes Aug 30, 2019 as record date for dividend

Himatsingka Seide Ltd clarifies on certain media reports

Master Trust Ltd fixes Aug 27, 2019 as record date for sub-division of equity shares

Advik Laboratories Ltd Board to consider sale of manufacturing unit

CARE downgrades ratings of Walchandnagar Industries Ltd

Super Crop Safe Limited announces Financial Results for Q1FY20

Info Edge India Ltd to invest in Shopkirana

Hinduja Ventures Ltd board to consider reorganizaiton of businesses on Aug 23, 2019

Voltas launches new Brand Shop at Gajuwaka, Visakhapatnam

CRISIL downgrades ratings of DCM Ltd

Lupin receives U.S. FDA approval for Hydrocortisone Valerate Cream

Birlasoft Wins Two Oracle Excellence Awards for 2019

TCS Interactive Wins 2019 Red Dot: Best of the Best Award in Brands and Communication Design

Blue Star Ltd - Financial Highlights for Q1 FYF20

Hindustan Foods Ltd - Q1-FY20 Performance Highlights

Omaxe Ltd Consolidated PAT for Q1 FY19-20 at Rs 14.91 cr

QGO Finance Ltd board to consider NCD issue on Aug 21, 2019

Mindteck reports financial results for Q1 2019-20

Ramkrishna Forgings Ltd's resolution plan for ACIL Ltd accepted

KNR Constructions Ltd to sell stake in SPV for Rs. 95.79 crores

Panacea Biotec announces Q1 FY20 results

IOB offers Retail Loans through the online portal PSB Loans in 59

Travel Money with YES BANK to launch Forex Card on Visa network

Mishtann Foods reports 22.1% increase in Q1FY2020 PAT at INR 3.14 crore

India Ratings assigns 'Ind AA- / Negative' For Indian Overseas Bank Bonds

YES BANK raises Rs. 1,930 crores through Qualified Institutions Placement route

Hero MotoCorp Ltd updates on closure of production facilities

Voltas Beko launches India's first 5 Star rated Washing Machines

Titagarh Wagons Ltd consortium bags order for Pune Metro Rail project

PVR launches sub-brand PVR UTSAV in Satna

Brigade Enterprises Ltd fixes Aug 29, 2019 as record date for bonus issue

India Infoline Finance announces consolidated PAT of Rs. 181 crore

West Coast Paper Mills Limited : Q1FY20 Results

Dynacons Systems & Solutions Ltd Board approves interim dividend of Rs. 0.50

Man Industries India Limited reports Q1FY20 Financial Results

Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019