Tech Mahindra Ltd. Q3 FY2024 results: revenue ₹13,101 crore, down 4.6% on the year

Tech Mahindra Ltd. (TECHM) reported consolidated revenue from operations of ₹13,101 crore for Q3 FY2024, the quarter ended 31 December 2023, down 4.6% on the same quarter a year earlier. Profit after tax was ₹524 crore, down 59.2% on the year, and earnings per share ₹5.77. The figures are the company's own, from the audited results it filed with NSE on 24 January 2024.

Revenue from operations₹13,101 croredown 4.6%

Profit after tax₹524 croredown 59.2%

EPS₹5.77

QuarterQ3 FY2024ended 31 December 2023

The quarter, against the one before and a year earlier

Line	Q3 FY2024	Q2 FY2024	A year earlier	Change on the year
Revenue from operations	13,101	12,864	n/a	n/a
Other income	88	264	n/a	n/a
Total income	13,189	13,128	n/a	n/a
Cost of materials consumed	0	0	n/a	n/a
Purchases of stock-in-trade	0	0	n/a	n/a
Changes in inventories	0	0	n/a	n/a
Employee benefit expense	7,409	7,302	n/a	n/a
Finance costs	116	98	n/a	n/a
Depreciation, depletion and amortisation	443	466	n/a	n/a
Other expenses	4,545	4,639	n/a	n/a
Total expenses	12,515	12,504	n/a	n/a
Profit before exceptional items and tax	674	624	n/a	n/a
Exceptional items	5	-8	n/a	n/a
Profit before tax	679	615	n/a	n/a
Current tax	160	258	n/a	n/a
Deferred tax	-5	-148	n/a	n/a
Total tax	155	110	n/a	n/a
Profit after tax	524	505	n/a	n/a
Attributable to owners of the parent	510	494	n/a	n/a
Other comprehensive income	149	-115	n/a	n/a
Total comprehensive income	673	390	n/a	n/a
EPS, basic	₹5.77	₹5.59	n/a	n/a
EPS, diluted	₹5.76	₹5.57	n/a	n/a

₹ crore except per share.

Quarterly results, the last 12 quarters

	Q2 FY2024	Q3 FY2024	Q4 FY2024	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025	Q1 FY2026	Q2 FY2026	Q3 FY2026	Q4 FY2026	Q1 FY2027
Sales	12,864	13,101	12,871	13,005	13,313	13,286	13,384	13,351	13,995	14,393	15,076	15,712
Expenses	12,504	12,515	12,292	11,975	12,122	12,011	12,091	11,952	12,373	12,595	13,081	13,559
Operating profit	923	1,146	1,099	1,564	1,750	1,809	1,840	1,935	2,168	2,366	2,565	2,743
OPM %	7%	9%	9%	12%	13%	14%	14%	14%	15%	16%	17%	17%
Other income	264	88	374	145	522	16	173	218	40	-22	-205	-106
Interest	98	116	58	72	89	76	85	78	77	94	89	111
Depreciation	466	443	461	462	470	459	462	458	469	474	481	479
Exceptional items	-8	5	6	0	1	7	-1	0	-3	-272	0	0
Profit before tax	615	679	959	1,175	1,713	1,297	1,464	1,618	1,659	1,504	1,791	2,046
Tax %	18%	23%	31%	27%	27%	24%	22%	30%	28%	26%	24%	27%
Net profit	505	524	664	865	1,257	989	1,142	1,129	1,202	1,119	1,356	1,486
EPS in ₹	₹5.59	₹5.77	₹7.48	₹9.62	₹14.12	₹11.10	₹13.17	₹12.87	₹13.48	₹12.66	₹15.27	₹16.53
Filing	NSE	NSE	NSE	NSE	NSE	NSE	Filing	Filing	Filing	Filing	Filing	Filing

₹ crore except per share, consolidated, as filed with the exchange. Operating profit is sales less the expenses other than interest and depreciation, OPM is that over sales, and tax % is tax over profit before tax: arithmetic on the filed lines; everything else is as filed. Quarters before December 2024 are from the exchange's earlier results feed, which carries the filed lines without the filing itself; the column links to the exchange's page for the company.

Source

Audited consolidated results for the quarter ended 31 December 2023, filed with NSE on 24 January 2024: the result statement. All of Tech Mahindra Ltd.'s results: NSE company page.

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