Home » Tech Mahindra Q3 revenue will increase 4.5% yoy to Rs1,369cr; Inventory beneath strain

Tech Mahindra Q3 revenue will increase 4.5% yoy to Rs1,369cr; Inventory beneath strain

Tech Mahindra Restricted, a specialist in digital transformation, consulting, and enterprise re-engineering providers, on Tuesday reported a 4.5% yoy larger consolidated revenue at Rs1,369cr within the December 31 ended 1 / 4 of 2021 in opposition to Rs1,309.8cr in the identical quarter final yr. PAT was 2.2% qoq larger from Rs1,338.7cr in Q2FY22.

The corporate’s income rose to Rs11,4501cr in Q3FY22, up 5.2% qoq from Rs10,881.3cr and 18.7% yoy from Rs96,47.1cr. EBITDA at Rs2,060cr; up 3.3% qoq, up 8.7% yoy.

Tech Mahindra Ltd was beneath strain throughout early commerce on Wednesday. At round 9.21 am, it was buying and selling at rading at Rs1,458.65 per piece down by Rs48.4 or 3.21% from its earlier closing of Rs1,507.05 per piece on the BSE.

Monetary highlights for the quarter (USD)


CP Gurnani, Managing Director & Chief Govt Officer, Tech Mahindra, mentioned, “Our people-first method mixed with sustained worth creation this quarter displays our dedication in direction of redefining prospects and competencies within the new regular. We proceed to strengthen our presence, ship broad-based worthwhile progress and worth for our clients, backed by future-ready expertise and area of interest digital capabilities.”

Milind Kulkarni, Chief Monetary Officer, Tech Mahindra, mentioned, “We proceed to remodel our operations and add new capabilities enabling us to develop quicker whereas sustaining our profitability. Our concentrate on operational efficiencies and investments for the long run will assist us drive exponential worth creation in the long term.”

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