Stock Report

Tech Mahindra Ltd reports Rs. 1353.2 crores consolidated PAT in Q1FY22



Posted On : 2021-07-30 11:00:37( TIMEZONE : IST )

Tech Mahindra Ltd reports Rs. 1353.2 crores consolidated PAT in Q1FY22

TECH MAHINDRA LTD. has reported financial results for the period ended June 30, 2021.

Financial Results (Q1 FY 2021-22) - QoQ Comparison

The company has reported total income of Rs.10484.9 crores during the period ended June 30, 2021 as compared to Rs.9762.5 crores during the period ended March 31, 2021.

The company has posted net profit / (loss) of Rs.1353.2 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.1081.4 crores for the period ended March 31, 2021.

The company has reported EPS of Rs.15.32 for the period ended June 30, 2021 as compared to Rs.12.26 for the period ended March 31, 2021.

FinancialsQ1 FY2021-22Q4 FY20-21% Change
Total Income₹ 10484.9 crs₹ 9762.5 crsUp Tick 7.4%
Net Profit₹ 1353.2 crs₹ 1081.4 crsUp Tick 25.13%
EPS₹ 15.32₹ 12.26Up Tick 24.96%

Financial Results (Q1 FY 2021-22) - YoY Comparison

The company has reported total income of Rs.10484.9 crores during the period ended June 30, 2021 as compared to Rs.9522.4 crores during the period ended June 30, 2020.

The company has posted net profit / (loss) of Rs.1353.2 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.972.3 crores for the period ended June 30, 2020.

The company has reported EPS of Rs.15.32 for the period ended June 30, 2021 as compared to Rs.11.07 for the period ended June 30, 2020.

FinancialsQ1 FY2021-22Q1 FY2020-21% Change
Total Income₹ 10484.9 crs₹ 9522.4 crsUp Tick 10.11%
Net Profit₹ 1353.2 crs₹ 972.3 crsUp Tick 39.18%
EPS₹ 15.32₹ 11.07Up Tick 38.39%

CP Gurnani, Managing Director & Chief Executive Officer, Tech Mahindra, said, We have witnessed an all rounded performance this quarter with growth across our key markets and industry sectors. We continue to see strong traction in large deal wins as we are helping our customers in integrated digital transformation. Our focus on key technology pillars wrapped around experience-led approach with TechM Nxt.Now will help us to capitalize on the strong demand momentum.

Milind Kulkarni, Chief Financial Officer, Tech Mahindra, said, We continue to build on our profitability journey and have reported highest ever quarterly Revenue and Profit After Tax this quarter. Delivery Excellence will be a cornerstonein improving our operational and financial metrics, as we look to capitalize on the incremental digital spends over the course of the year.

Shares of TECH MAHINDRA LTD. was last trading in BSE at Rs. 1127.95 as compared to the previous close of Rs. 1119.5. The total number of shares traded during the day was 105451 in over 5081 trades.

The stock hit an intraday high of Rs. 1140.9 and intraday low of 1116. The net turnover during the day was Rs. 119124237.

Source : Equity Bulls

Keywords