Tech Mahindra Q3 profit rises 28% YoY to Rs 1,203 crore
NEW DELHI: Tech Mahindra on Tuesday reported a 27.50 per cent year-on-year (YoY) rise in consolidated net profit at Rs 1,203 crore. On sequential basis profit was up 13 per cent.
Revenue for the quarter rose 15 per cent YoY to Rs 8,944 crore, the IT major said in a BSE filing. In dollar terms, revenue jumped 4.3 per cent YoY and 7.8 per cent QoQ to $1,260.80 million.
In constant currency terms, revenue was up 4.3 per cent sequentially.
Ebitda margins at 19.3 per cet; up 300 basis points (bps) YoY and 50 bps QoQ.
Manoj Bhat, Chief Financial Officer, Tech Mahindra said, “We continue to improve on our operating metrics across most of our business lines. We have clocked yet another strong quarter, in terms of revenue growth, continued EBITDA margin improvement, cash flow and robust deal wins. This continued thrust on optimization and yield management has helped us achieve margin improvement of 300 bps on a YoY basis."
Revenue for the quarter rose 15 per cent YoY to Rs 8,944 crore, the IT major said in a BSE filing. In dollar terms, revenue jumped 4.3 per cent YoY and 7.8 per cent QoQ to $1,260.80 million.
In constant currency terms, revenue was up 4.3 per cent sequentially.
Ebitda margins at 19.3 per cet; up 300 basis points (bps) YoY and 50 bps QoQ.
Manoj Bhat, Chief Financial Officer, Tech Mahindra said, “We continue to improve on our operating metrics across most of our business lines. We have clocked yet another strong quarter, in terms of revenue growth, continued EBITDA margin improvement, cash flow and robust deal wins. This continued thrust on optimization and yield management has helped us achieve margin improvement of 300 bps on a YoY basis."
