Tech Mahindra Q1 results show revenue fell from 14023.7 crores to 13350.7 crores, a -4.80% decrease in growth. EPS down from ₹12.62 to ₹7.82, down by -38.03%.
First, Let’s Begin with Quarter-on-Quarter Basis:
Tech Mahindra shared its Q1 results on Wednesday. They earned 13350.7 crores in revenue this quarter, but that’s less than the 14023.7 crores they made last quarter. Unfortunately, the company’s growth decreased by -4.80 percent when comparing the two quarters.
In terms of profits, the company’s PAT (Profit After Tax) for this quarter was 692.5 crores, down from 1117.7 crores in the previous quarter. Their quarter-to-quarter growth decreased by -38.04 percent.
The company’s EPS (Earnings Per Share) this quarter is ₹7.82, which is a decrease of -38.03% from the ₹12.62 EPS in the previous quarter.
Now, Let’s Analyze the Results on a Year-over-Year Basis:
The company made a total revenue of 13350.7 crores this year (2023), which is 4.06 percent higher than last year’s total revenue of 12830 crores.
This year’s PAT (Profit After Tax) is 692.5 crores, which is also -38.80% lower than last year’s PAT of 1131.6 crores.
The EPS (Earnings Per Share) for this year is ₹7.82, which is -38.81% less than the EPS of ₹12.78 earned last year.
Also Read: Dr Reddy’s Q1FY24 Results: Consolidated PAT Rises to Rs. 1402.5 Cr
Tech Mahindra Share Dividend Announcement / Record Date:
The record date for the dividend has not arrived yet.
About Tech Mahindra:
Tech Mahindra, an Indian multinational company, specializes in providing information technology services and consulting. As a part of the Mahindra Group, its headquarters are in Pune, while its registered office is located in Mumbai. With a substantial presence, Tech Mahindra is a US$6.0 billion company employing over 158,000 professionals in 90 countries.
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