Tech Mahindra has released its financial results for the quarter ended March 31, 2022. The release reported its profit after tax (PAT) for the fourth quarter-ended March 2022 at Rs 15.06 billion, registering a whopping growth of 39.2 per cent over Rs 10.81 billion it reported in the same quarter last year.
Meanwhile, the company said its revenue was at Rs 121.16 billion, witnessing a growth of 24.5 per cent against Rs 97.30 billion in the year ago quarter. Also, the earning before interest, tax, depreciation and amortisation (EBITDA) of the company advanced 7.2 per cent to Rs 20.88 billion.
Also, as far as the financial highlights for the year is concerned, the company reported revenue at Rs 446.46 billion, up by 17.9 per cent. Also the EBITDA grew 17.1 per cent year-on-year (Y-o-Y) to Rs 80.20 billion. Meanwhile, the company reported a consolidated PAT at Rs 55.66 billion, registering a growth of almost 25.7 per cent Y-o-Y.
Additionally, the board proposed a final dividend of Rs 30 per share in addition to an interim dividend of Rs 15 per share on the face value of Rs 5. Also for the financial year ended March 31, 2022, the earnings per share (EPS) was at Rs 62.8 and Total Dividend declared for FY22 is of Rs 45 per share. Besides, the free cash flow stood was reported to be Rs 44.17 billion.
Commenting on the financial results, CP Gurnani, managing director and chief executive officer, Tech Mahindra, said, “Our improved growth performance reflects the power of human-centered experiences, a strong focus on innovation and our ability to create a strong customer and partner ecosystem. Tech Mahindra’s commitment towards sustainable digital transformation and investment in new-age technology stacks has resulted in one of the highest growth with large deal wins over the last 7 years.”
Meanwhile, Milind Kulkarni, chief financial officer, Tech Mahindra, said, “Our structural profitability continues to be robust, and we look forward to continuing our journey with commitment to resilient capital return and operational efficiency backed by a comprehensive digital portfolio.”
