Tech Mahindra Ltd posts Rs. 1081.4 crore consolidated PAT in Q4FY21

TECH MAHINDRA LTD. has reported financial results for the period ended March 31, 2021.

Financial Results (Q4 FY20-21) - QoQ Comparison

The company has reported total income of Rs.9762.5 crores during the period ended March 31, 2021 as compared to Rs.9868 crores during the period ended December 31, 2020.

The company has posted net profit / (loss) of Rs.1081.4 crores for the period ended March 31, 2021 as against net profit / (loss) of Rs.1309.8 crores for the period ended December 31, 2020.

The company has reported EPS of Rs.12.26 for the period ended March 31, 2021 as compared to Rs.14.87 for the period ended December 31, 2020.

Financials	Q4 FY20-21	Q3 FY20-21	% Change
Total Income	₹ 9762.5 crs	₹ 9868 crs	-1.07%
Net Profit	₹ 1081.4 crs	₹ 1309.8 crs	-17.44%
EPS	₹ 12.26	₹ 14.87	-17.55%

Financial Results (Q4 FY20-21) - YoY Comparison

The company has reported total income of Rs.9762.5 crores during the period ended March 31, 2021 as compared to Rs.9775.4 crores during the period ended March 31, 2020.

The company has posted net profit / (loss) of Rs.1081.4 crores for the period ended March 31, 2021 as against net profit / (loss) of Rs.803.9 crores for the period ended March 31, 2020.

The company has reported EPS of Rs.12.26 for the period ended March 31, 2021 as compared to Rs.9.14 for the period ended March 31, 2020.

Financials	Q4 FY20-21	Q4 FY19-20	% Change
Total Income	₹ 9762.5 crs	₹ 9775.4 crs	-0.13%
Net Profit	₹ 1081.4 crs	₹ 803.9 crs	34.52%
EPS	₹ 12.26	₹ 9.14	34.14%

Financial Results (Year ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.38642.2 crores during the 12 months period ended March 31, 2021 as compared to Rs.38060.1 crores during the 12 months period ended March 31, 2020.

The company has posted net profit / (loss) of Rs.4428 crores for the 12 months period ended March 31, 2021 as against net profit / (loss) of Rs.4033 crores for the 12 months period ended March 31, 2020.

The company has reported EPS of Rs.50.19 for the 12 months period ended March 31, 2021 as compared to Rs.45.85 for the 12 months period ended March 31, 2020.

Financials	Year Ended FY20-21	Year Ended FY19-20	% Change
Total Income	₹ 38642.2 crs	₹ 38060.1 crs	1.53%
Net Profit	₹ 4428 crs	₹ 4033 crs	9.79%
EPS	₹ 50.19	₹45.85	9.47%

CP Gurnani, Managing Director & Chief Executive Officer, Tech Mahindra, said, "Our continued focus on cutting-edge technologies has expanded client engagement with large deal wins this quarter. We are witnessing a strong demand acceleration and are committed towards delivering a next-level human-centered experience of the future, Now. The health and wellness of our associates and community at large, continues to be our prime focus, as we navigate through this pandemic together."

Milind Kulkarni, Chief Financial Officer, Tech Mahindra, said, "We have witnessed substantial margin improvement and cash flow generation this year. Our focus on delivery transformation will continue, as we increasingly witness a structural shift towards digital to adapt to the new normal. We are positioned uniquely to gain from this shift, while improving our financial and operating metrics going forward."

Shares of TECH MAHINDRA LTD. was last trading in BSE at Rs.963.15 as compared to the previous close of Rs. 950.4. The total number of shares traded during the day was 165614 in over 7230 trades.

The stock hit an intraday high of Rs. 969.8 and intraday low of 936.85. The net turnover during the day was Rs. 157407597.

Source : Equity Bulls

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