Tech Mahindra Ltd

Tech Mahindra will hold a meeting of the Board of Directors of the Company on 24 April 2025.Powered by Capital Market - Live

Tech Mahindra has allotted 75,255 equity shares under ESOP on 18 March 2025. Post allotment, the paid up equity share capital has increased to 978,993,712 equity shares of Rs 5 each. Powered by Capital Market - Live

Tech Mahindra Ltd fell for a fifth straight session today. The stock is quoting at Rs 1597, down 1.03% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 0.12% on the day, quoting at 22581.35. The Sensex is at 74664.52, up 0.28%.Tech Mahindra Ltd has eased around 3.44% in last one month.Meanwhile, Nifty IT index of which Tech Mahindra Ltd is a constituent, has eased around 6.88% in last one month and is currently quoting at 39446.6, down 0.71% on the day. The volume in the stock stood at 8.64 lakh shares today, compared to the daily average of 13.93 lakh shares in last one month. The benchmark February futures contract for the stock is quoting at Rs 1592.8, down 1.54% on the day. Tech Mahindra Ltd jumped 23.01% in last one year as compared to a 2.08% rally in NIFTY and a 4.17% spurt in the Nifty IT index.The PE of the stock is 47.98 based on TTM earnings ending December 24.Powered by Capital Market - Live

Tech Mahindra has allotted 82,848 equity shares under ESOS on 19 February 2025. With this allotment, the paid up equity share capital has increased to 978,918,457 equity shares of Rs 5 each. Powered by Capital Market - Live

Tech Mahindra Ltd rose for a fifth straight session today. The stock is quoting at Rs 1683.75, up 0.85% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is down around 0.09% on the day, quoting at 23583.2. The Sensex is at 77886.15, down 0.22%. Tech Mahindra Ltd has added around 1.2% in last one month. Meanwhile, Nifty IT index of which Tech Mahindra Ltd is a constituent, has added around 1.64% in last one month and is currently quoting at 43020.95, down 0.24% on the day. The volume in the stock stood at 10.57 lakh shares today, compared to the daily average of 16.92 lakh shares in last one month. The benchmark February futures contract for the stock is quoting at Rs 1689.3, up 0.83% on the day. Tech Mahindra Ltd is up 28.6% in last one year as compared to a 8.59% gain in NIFTY and a 13.39% gain in the Nifty IT index.The PE of the stock is 49.68 based on TTM earnings ending December 24.Powered by Capital Market - Live

However, revenue from operations declined marginally 0.2% to Rs 13,285.6 crore in the December quarter, from Rs 13,313.2 crore recorded in the preceding quarter of FY24. On a year-on-year (YoY) basis, Tech Mahindra's net profit soared 93.63% while revenue grew 1.41% in Q3 FY25. EBITDA stood at Rs 1,809 crore in the quarter ended 31 December 2024, up 3.36% QoQ and up 57.78% YoY. In terms of dollars (USD), revenue stood at $1,567 million in Q3 FY25, registering de-growth 1.3% QoQ and 0.4% YoY. In constant currency terms, revenue grew by 1.2% QoQ and 1.3% YoY. Profit after tax was at $116 million, up 9.9% QoQ and up 88.5% YoY. Free cash flow was at $199 million in the December quarter. During the quarter, EBITDA was at $213 million, up 2% QoQ and up 54.7% YoY. EBITDA margin came in at 13.6% in Q3 FY25, up 40 bps QoQ and 480 bps YoY. The IT firm secured net new deals TCV worth $745 million in Q3 FY25 as against $603 million in Q2 FY25 and $381 million reported in Q3 FY24. Total headcount was at 150,488, registering de-growth of 2.5% QoQ and up 2.9% YoY. The last twelve months (LTM) IT attrition rate for Q3 FY25 was 11%, an increase from 10% in Q3 FY24 and a decrease from 11% in Q2 FY24. Cash and cash equivalent were at Rs 6,841 crore as of 31 December 2024, compared with Rs 7,012 crore as of 31 December 2023 and Rs 6,566 crore as of 30 September 2024. Mohit Joshi, chief executive officer and managing director, Tech Mahindra, said, 'We see an improved rate of deal wins in our key verticals and prioritized markets. This, coupled with consistent expansion in operating margins, despite cross-currency headwinds during the quarter, reaffirms that we are on track to achieve our long-term goals.' Rohit Anand, CFO of Tech Mahindra, said, 'We delivered growth in EBIT margin and operating PAT, both on a sequential and year-on-year basis, resulting from our targeted actions under Project Fortius, along with a steady increase in new deal wins across prioritised verticals and markets. Our continued focus on optimising working capital management has resulted in the generation of robust free cashflow.' Tech Mahindra is focused on leveraging next-generation technologies, including 5G, blockchain, cybersecurity, artificial intelligence, and more, to enable end-to-end digital transformation for global customers. Shares of Tech Mahindra shed 0.01% to Rs 1,658.70 on the BSE.Powered by Capital Market - Live

The domestic equity benchmarks traded with moderate gains in early trade, supported by positive results from Wipro and Kotak Mahindra Bank, as well as favorable global market cues. The Nifty traded above the 23,200 level after hitting the day's low of 23,189.70 in early trade. Private bank, bank and media shares advanced while auto, healthcare and pharma shares declined. At 09:30 IST, the barometer index, the S&P BSE Sensex, rose 125.93 points or 0.16% to 76,732.26. The Nifty 50 index added 16.80 points or 0.07% to 23,220. In the broader market, the S&P BSE Mid-Cap index shed 0.26% and the S&P BSE Small-Cap index gained 0.07%. The market breadth was positive. On the BSE, 1,846 shares rose and 1,288 shares fell. A total of 162 shares were unchanged. Foreign portfolio investors (FPIs) sold shares worth Rs 3,318.06 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 2,572.88 crore in the Indian equity market on 17 January 2025, provisional data showed. Economy: India's foreign exchange (forex) reserves declined $8.714 billion to $625.871 billion in the week ended January 10, according to the latest RBI data. For the week ended January 10, foreign currency assets, a major component of the reserves, decreased by $9.469 billion to $536.011 billion, the data released on Friday showed. Gold reserves increased by $792 million to $67.883 billion during the week. The special drawing rights (SDRs) were down by $33 million to $17.781 billion, the RBI said. India's reserve position with the IMF was down by $4 million at $4.195 billion in the reporting week, the apex bank data showed. Stocks in Spotlight: Kotak Mahindra Bank surged 8.93% after the private lender's net profit jumped 9.97% to Rs 3,304.80 crore on 13.86% rise in total income to Rs 16,050.38 crore in Q3 FY25 over Q3 FY24. Wipro jumped 7.56% after the company's consolidated net profit grew 4.51% to Rs 3,353.8 crore in Q3 FY25 as against Rs 3,208.8 crore posted in Q2 FY25. However, revenue from operations increased marginally to Rs 22,318.8 crore in the December 2024 quarter as against Rs 22,301.6 crore reported in the preceding quarter same year. The company's board has declared an interim dividend of Rs 6 per equity share. Jio Financial Services slipped 2.17%. The company's consolidated net profit marginally rose 0.32% to Rs 294.78 crore in Q3 FY25 as compared with Rs 293.82 crore in Q3 FY24. Total income jumped 8.34% to Rs 448.89 crore in Q3 FY25 as compared with Rs 414.33 crore in the corresponding quarter last year. Numbers to Track: The yield on India's 10-year benchmark federal paper was up 1.71% to 6.890 as compared with previous close 6.774. In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 86.4900, compared with its close of 86.6025 during the previous trading session. MCX Gold futures for 5 February 2025 settlement shed 0.16% to Rs 78,893. The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.26% to 109.06. The United States 10-year bond yield rose 0.26% to 4.623. In the commodities market, Brent crude for March 2025 settlement lost 11 cents or 0.14% to $80.68 a barrel. Global Markets: Most Asian stocks rose on Monday, buoyed by hopes that U.S. President-elect Donald Trump may adopt a less aggressive stance toward China than previously feared when he assumes office later in the day. Regional markets took cues from Wall Street's strong performance on Friday. U.S. stocks rallied as robust bank earnings and expectations of interest rate cuts fueled investor optimism. The Dow Jones Industrial Average climbed 0.78%, hitting a new one-month high, while the S&P 500 rose 1.00%, and the NASDAQ Composite added 1.51%. Key performers included NVIDIA Corporation (+3.10%), Amazon.com Inc (+2.39%), and Goldman Sachs Group Inc (+2.11%). Investor sentiment improved further after Trump avoided mentioning trade tariffs during a victory lap rally in Washington on Sunday. However, he reiterated plans to crack down on immigration and reduce government oversight of domestic companies. Despite the optimism, uncertainty lingers. Fox News Digital reported that Trump is expected to sign a record number of executive orders upon taking office on Monday. While details remain unclear, some orders could potentially include increased trade tariffs against China. Previously, Trump had vowed to impose tariffs of up to 60% on Chinese imports and suggested similar measures targeting Mexico and Canada. Such policies could disrupt global trade and pose challenges for export-driven economies. Meanwhile, the People's Bank of China (PBOC) left its benchmark loan prime rate unchanged on Monday, as widely anticipated. Beijing appears to be holding off on new stimulus measures while awaiting greater clarity on Trump's trade policies. Lastly, U.S. markets will remain closed on Monday in observance of Martin Luther King, Jr. Day. Powered by Capital Market - Live

Net profit of Tech Mahindra rose 92.63% to Rs 983.20 crore in the quarter ended December 2024 as against Rs 510.40 crore during the previous quarter ended December 2023. Sales rose 1.41% to Rs 13285.60 crore in the quarter ended December 2024 as against Rs 13101.30 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales13285.6013101.30 1 OPM %13.628.75 - PBDT1756.201122.20 56 PBT1297.40678.80 91 NP983.20510.40 93 Powered by Capital Market - Live

However, revenue from operations declined marginally 0.2% to Rs 13,285.6 crore in the December quarter, from Rs 13,313.2 crore recorded in the preceding quarter of FY24. On a year-on-year (YoY) basis, Tech Mahindra's net profit soared 93.63% while revenue grew 1.41% in Q3 FY25. EBITDA stood at Rs 1,809 crore in the quarter ended 31 December 2024, up 3.36% QoQ and up 57.78% YoY. In terms of dollars (USD), revenue stood at $1,567 million in Q3 FY25, registering de-growth 1.3% QoQ and 0.4% YoY. In constant currency terms, revenue grew by 1.2% QoQ and 1.3% YoY. Profit after tax was at $116 million, up 9.9% QoQ and up 88.5% YoY. Free cash flow was at $199 million in the December quarter. During the quarter, EBITDA was at $213 million, up 2% QoQ and up 54.7% YoY. EBITDA margin came in at 13.6% in Q3 FY25, up 40 bps QoQ and 480 bps YoY. The IT firm secured net new deals TCV worth $745 million in Q3 FY25 as against $603 million in Q2 FY25 and $381 million reported in Q3 FY24. Total headcount was at 150,488, registering de-growth of 2.5% QoQ and up 2.9% YoY. The last twelve months (LTM) IT attrition rate for Q3 FY25 was 11%, an increase from 10% in Q3 FY24 and a decrease from 11% in Q2 FY24. Cash and cash equivalent were at Rs 6,841 crore as of 31 December 2024, compared with Rs 7,012 crore as of 31 December 2023 and Rs 6,566 crore as of 30 September 2024. Mohit Joshi, chief executive officer and managing director, Tech Mahindra, said, 'We see an improved rate of deal wins in our key verticals and prioritized markets. This, coupled with consistent expansion in operating margins, despite cross-currency headwinds during the quarter, reaffirms that we are on track to achieve our long-term goals.' Rohit Anand, CFO of Tech Mahindra, said, 'We delivered growth in EBIT margin and operating PAT, both on a sequential and year-on-year basis, resulting from our targeted actions under Project Fortius, along with a steady increase in new deal wins across prioritised verticals and markets. Our continued focus on optimising working capital management has resulted in the generation of robust free cashflow.' Tech Mahindra is focused on leveraging next-generation technologies, including 5G, blockchain, cybersecurity, artificial intelligence, and more, to enable end-to-end digital transformation for global customers. Shares of Tech Mahindra declined and closed at 1.81% to Rs 1,658.85 on the BSE.Powered by Capital Market - Live

Tech Mahindra Ltd dropped for a fifth straight session today. The stock is quoting at Rs 1647.2, down 0.99% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.62% on the day, quoting at 23541.75. The Sensex is at 77635.94, down 0.66%.Tech Mahindra Ltd has eased around 6.6% in last one month.Meanwhile, Nifty IT index of which Tech Mahindra Ltd is a constituent, has eased around 4.48% in last one month and is currently quoting at 43634.25, down 1.06% on the day. The volume in the stock stood at 4.05 lakh shares today, compared to the daily average of 16.77 lakh shares in last one month. The benchmark January futures contract for the stock is quoting at Rs 1647.65, down 1.32% on the day. Tech Mahindra Ltd jumped 32.74% in last one year as compared to a 8.9% rally in NIFTY and a 23.94% spurt in the Nifty IT index.The PE of the stock is 55.55 based on TTM earnings ending September 24.Powered by Capital Market - Live