TECH Mahindra Ltd consolidated Q4 PAT drops to Rs. 803.9 crore

TECH MAHINDRA LTD. has reported financial results for the period ended March 31, 2020.

Financial Results (Q4 FY19-20) - QoQ Comparison

The company has reported total income of Rs.9775.4 crores during the period ended March 31, 2020 as compared to Rs.10004.2 crores during the period ended December 31, 2019.

The company has posted net profit / (loss) of Rs.803.9 crores for the period ended March 31, 2020 as against net profit / (loss) of Rs.1145.9 crores for the period ended December 31, 2019.

The company has reported EPS of Rs.9.14 for the period ended March 31, 2020 as compared to Rs.13.03 for the period ended December 31, 2019.

Financials	Q4 FY19-20	Q3 FY19-20	% Change
Total Income	₹ 9775.4 crs	₹ 10004.2 crs	-2.29%
Net Profit	₹ 803.9 crs	₹ 1145.9 crs	-29.85%
EPS	₹ 9.14	₹ 13.03	-29.85%

Financial Results (Q4 FY19-20) - YoY Comparison

The company has reported total income of Rs.9775.4 crores during the period ended March 31, 2020 as compared to Rs.9059.4 crores during the period ended March 31, 2019.

The company has posted net profit / (loss) of Rs.803.9 crores for the period ended March 31, 2020 as against net profit / (loss) of Rs.1132.5 crores for the period ended March 31, 2019.

The company has reported EPS of Rs.9.14 for the period ended March 31, 2020 as compared to Rs.12.58 for the period ended March 31, 2019.

Financials	Q4 FY19-20	Q4 FY18-19	% Change
Total Income	₹ 9775.4 crs	₹ 9059.4 crs	7.9%
Net Profit	₹ 803.9 crs	₹ 1132.5 crs	-29.02%
EPS	₹ 9.14	₹ 12.58	-27.34%

Financial Results (12 months ended FY 19-20) - YoY Comparison

The company has reported total income of Rs.38060.1 crores during the 12 months period ended March 31, 2020 as compared to Rs.35276.3 crores during the 12 months period ended March 31, 2019.

The company has posted net profit / (loss) of Rs.4033 crores for the 12 months period ended March 31, 2020 as against net profit / (loss) of Rs.4297.6 crores for the 12 months period ended March 31, 2019.

The company has reported EPS of Rs.45.85 for the 12 months period ended March 31, 2020 as compared to Rs.47.72 for the 12 months period ended March 31, 2019.

Financials	Year Ended FY19-20	Year Ended FY18-19	% Change
Total Income	₹ 38060.1 crs	₹ 35276.3 crs	7.89%
Net Profit	₹ 4033 crs	₹ 4297.6 crs	-6.16%
EPS	₹ 45.85	₹47.72	-3.92%

CP Gurnani, Managing Director & Chief Executive Officer, Tech Mahindra, said, "COVID-19 has brought an unprecedented change in business model for the IT industry. Ensuring wellness of employees and contribution to society while maintaining business continuity under all circumstances continues to be our priority. While the demand traction seen through the first three quarters of Fiscal 19-20 has reversed in Q4, we expect that the focus on Digital Transformation, Remote Working, and Network Modernization will recover in the medium term. The company has shown a strong growth for Fiscal 20 and we remain committed to deliver sustainable solutions to our customers enabling them to adopt to New Normal."

Manoj Bhat, Chief Financial Officer, Tech Mahindra, said, "Q4 has been a quarter where some of our metrics were impacted by the environmental challenges. Efficient operations, cost optimization and delivery automation will be the key focus areas going into the next year. Our strong balance-sheet combined with a focus on cash conservation will help us tide over the volatility in near term, as we look to emerge stronger and leaner to capture opportunities ahead."

Shares of TECH MAHINDRA LTD. was last trading in BSE at Rs.546.1 as compared to the previous close of Rs. 528.85. The total number of shares traded during the day was 213587 in over 7126 trades.

The stock hit an intraday high of Rs. 552.4 and intraday low of 532.35. The net turnover during the day was Rs. 116036655.

Source : Equity Bulls

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