Tech Mahindra Q2 Results FY2024, Net profit at Rs.494 crores
On 25th October 2023, Tech Mahindra announced its quarterly results.
Key Highlights:
- In USD, Revenue stood at $1555 million, a drop of 5.1% YoY. In INR, Revenue stood at Rs.12,864 crores, down by 2% YoY
- EBITDA was reported at Rs.1072 crores
- In INR, Net profit was at Rs.494 crores, down by 61.6% YoY
- Total Contract Value (TCV) was reported at $640 million
- Total headcount at 150,604, up by 2,307 QoQ
Business Highlights:
- Industry segment growth was led by Communications, Media & Entertainment (CME) vertical which grew 37%, Manufacturing was at 17.8%, Technology was at 11%, BFSI at 16.1%, Retail, Transport & Logistics at 8.2%, Others at 10% .
- Among major markets, America grew 53.3% and Europe grew 23.6% Rest of the World grew 23.2%
The Board approved an interim dividend of Rs. 12 per share.
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