Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
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 feedback@equitybulls.com





Other Headlines:

Tata Sponge Iron Ltd to change name as Tata Steel Long Products Ltd

Zensar announces sponsorship of the International Women's Hackathon 2019

Cyient and lndia 2022 Coalition Launch MedTechConnect Platform

CARE assigns rating to K P I Global Infrastructure Ltd

Tech Mahindra Ltd board to consider Q4, FY19 results, dividend on May 21, 2019

Tata Sponge Iron Ltd Board recommends Dividend of Rs. 12.50 for 2018-19

Piramal Enterprises Ltd Board to consider FY19 results & Dividend on April 26, 2019

Hindustan Foods Ltd approves proposal to acquire 8.46% in ATC Beverages Pvt Ltd

Bandhan Bank Ltd board to consider Q4, FY19 results, dividend on May 2, 2019

TATA Sponge Iron Ltd posts consolidated PAT of Rs. 124.34 crores in FY 2018-19

DCB Bank Ltd Board recommends Dividend of Rs. 1 for 2018-19

Tamboli Capital Ltd Board to consider Dividend on May 11, 2019

DCB Bank Ltd - Financial Highlights for FY 2019

K P Energy Ltd awarded ISO certifications

CRISIL downgrades rating of Technofab Engineering Ltd

DCB Bank Ltd FY19 PAT soars to Rs. 325.37 crores

AMAL Ltd posts Q4 net profit of Rs. 3.40 crores in Q4 FY19

Financial Highlights of RBL Bank Limited

RBL Bank Ltd Board approves Dividend of Rs. 2.70

HCL Technologies partners with Google Cloud to enable hybrid cloud services for enterprises and ISVs

RBL Bank Ltd reports consolidated net profit of Rs. 857.83 crores for FY 2018-19

Investment & Precision Castings Ltd board to consider Q4, FY19 results, dividend on April 29, 2019

Schaeffler India Ltd board to announce quarterly results on April 30, 2019

Tata Steel Ltd Board to consider FY19 results & Dividend on April 25, 2019

Mahindra and Ford sign agreement to co-develop a midsize SUV

Orient Electric gets 'Superbrand 2019' status for fans and air coolers

SpiceJet to add six more Boeing 737s

L&T Heavy Engineering bags significant contracts

Ambuja Cements Ltd board to consider Q1 CY19 results on April 30, 2019

VST Industries Ltd board to announce dividend, FY19 results on May 3, 2019

Granules Pharmaceuticals inc. received US WA approval for Acetaminophen 650 mg, Extended Release Tablet

Indiabulls Integrated Services Ltd arm receives R1 approval for General Insurance Business

Quess Corp Ltd and its subsidiary announce open offer for 26% in Allsec Technologies Ltd at Rs. 320

Vivo Bio Tech Ltd approves acquisition of stake in Donakanti Consultancy Services Pvt Ltd

Indiabulls Integrated Services Ltd board to consider Q4, FY19 results on April 23, 2019

Escorts Ltd board to approve Q4, FY19 results, dividend on May 7, 2019

Container Corporation of India Ltd calls for board meeting on April 30, 2019

Majesco unveils Majesco L&A and Group Core Suite Version 11

Indiabulls Real Estate Ltd board to approve Q4, FY19 results on April 23, 2019

Dr. Reddy's to release Q4 and full year FY 19 results on May 17, 2019

Century Enka Ltd board to consider FY19 results, dividend on May 21, 2019

SORIL Infra Resources Ltd board to announce 4th quarter results on April 23, 2019

Greenpiece Landscape India Pvt Ltd to become 100% subsidiary of Quess Corp Limited

Smruthi Organics Ltd board to announce Q4, FY19 results on April 27, 2019

Cella Space Ltd to avail Rs. 764 lakhs loan against rent receivable scheme

CRISIL reaffirms short-term rating of BLS International Services Ltd

Ashoka Buildcon Limited's JV receives LoA from Rail Vikas Nigam Ltd

Tata Communications appoints Pathmal Gunawardana as its new Americas chief

Cipla Ltd board to consider Q4, FY19 results, dividend on May 22, 2019

Tata Steel Bsl Ltd reports loss of Rs. 212.36 crores in Q4 FY19







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

disclaimer copyright © 2005 - 2019