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Stock Report
Tech Mahindra Ltd Q1FY21 consolidated PAT up at Rs. 972.3 crore
Posted On : 2020-07-27 18:24:00( TIMEZONE : IST )
TECH MAHINDRA LTD. has reported financial results for the period ended June 30, 2020.
Financial Results (Q1 FY 2020-21) - QoQ Comparison
The company has reported total income of Rs.9522.4 crores during the period ended June 30, 2020 as compared to Rs.9775.4 crores during the period ended March 31, 2020.
The company has posted net profit / (loss) of Rs.972.3 crores for the period ended June 30, 2020 as against net profit / (loss) of Rs.803.9 crores for the period ended March 31, 2020.
The company has reported EPS of Rs.11.07 for the period ended June 30, 2020 as compared to Rs.9.14 for the period ended March 31, 2020.
| Financials | Q1 FY2020-21 | Q4 FY19-20 | % Change |
| Total Income | ₹ 9522.4 crs | ₹ 9775.4 crs |  -2.59% |
| Net Profit | ₹ 972.3 crs | ₹ 803.9 crs |  20.95% |
| EPS | ₹ 11.07 | ₹ 9.14 | 21.12% |
Financial Results (Q1 FY 2020-21) - YoY Comparison
The company has reported total income of Rs.9522.4 crores during the period ended June 30, 2020 as compared to Rs.8994.3 crores during the period ended June 30, 2019.
The company has posted net profit / (loss) of Rs.972.3 crores for the period ended June 30, 2020 as against net profit / (loss) of Rs.959.3 crores for the period ended June 30, 2019.
The company has reported EPS of Rs.11.07 for the period ended June 30, 2020 as compared to Rs.10.89 for the period ended June 30, 2019.
| Financials | Q1 FY2020-21 | Q1 FY2019-20 | % Change |
| Total Income | ₹ 9522.4 crs | ₹ 8994.3 crs | 5.87% |
| Net Profit | ₹ 972.3 crs | ₹ 959.3 crs | 1.36% |
| EPS | ₹ 11.07 | ₹ 10.89 | 1.65% |
CP Gurnani, Managing Director & Chief Executive Officer, Tech Mahindra, said, Our customer centric approach and continued focus on keeping ourassociates safe and connected has helped us to navigate through these challenging times successfully. We are witnessing a wave of new age technologies being adopted by the customers as businesses across the globe are actively pursuing digital transformation. We are well positioned to capture such spends and ourendeavor is to be back on the growth path amid increased signs of demand normalization.
Manoj Bhat, Chief Financial Officer, Tech Mahindra, said, Despite demand uncertainty and volume reduction, we have been able to demonstrate operational resilience through cost optimization. Cash conversion has been strong, while we aim to improve profitability margins as demand normalizes.
Shares of TECH MAHINDRA LTD. was last trading in BSE at Rs.652.75 as compared to the previous close of Rs. 632.2. The total number of shares traded during the day was 365520 in over 9884 trades.
The stock hit an intraday high of Rs. 655 and intraday low of 625.2. The net turnover during the day was Rs. 234632117.
