Q4 Results Highlights: Tech Mahindra profit jumps by 76.51%; Axis Bank profit at Rs 7,117.50 crore

Tech Mahindra management team said that FY26 is expected to be better than FY25 on the back of deal wins, acquisitions. In the post earnings press conference, Tech Mahindra executives said that they are seeing signs of stability in the communications vertical in Europe, Asia Pacific. The company executives maintained that there is volatility in discretionary spends in auto, manufacturing sectors and momentum to spend among US clients seen in January has stalled now due to volatility.

• Revenue at $1,549 mn; down 1.2% QoQ, flat YoY

o Revenue declined by 1.5% QoQ, growth by 0.3% YoY in constant currency terms

• EBIT at $163 mn; up 2.8% QoQ, up 43.6% YoY

• EBIT Margin 10.5%; up 40 bps QoQ, up 320 bps YoY

• Profit after tax (PAT) at $136 mn; up 17.3% QoQ, up 70.8% YoY

• PAT Margin 8.7%; up 130 bps QoQ, up 350 bps YoY

• Free cash flow at $150 mn

• New deal wins TCV $798 mn

Rohit Anand, Chief Financial Officer, Tech Mahindra, said, “This year, we delivered operational excellence by achieving a 60% increase in operating profit through strong execution, operational leverage, and cost management. We raised our dividend per share by 12.5% and returned 85% of our free cash flow to shareholders, reflecting our commitment to capital allocation policy.”

Mohit Joshi, CEO and Managing Director, Tech Mahindra, said, “This year, we laid a strong foundation for our transformation journey. Through strategic investments in our people, leadership, and capabilities, we have positioned ourselves to accelerate our strategic roadmap. Our deal wins at $2.7 billion, reflect a 42% year-on-year increase and are a clear validation of the depth of our client partnerships.”

Tech Mahindra posted LTM IT attrition at 11.8 per cent. The IT major’s employee strength stood at 148,731 as on March 31, 2025, down 1,757 as compared to the previous quarter of FY25 and up 3,276 in comparison to Q4FY24. Total headcount at the end of Q3FY25 stood at 151,358.

The company board recommended a final dividend of Rs 30 per equity share of the face value of Rs 5 each (600 per cent) for the financial year ended 31st March, 2025. The final dividend recommended is in addition to the interim dividend of Rs 15 per equity share on face value of Rs 5 each i.e. 300 per cent in November 2024. The total dividend for FY 2024-25 will be Rs 45 per equity share on par value of Rs 5 each i.e. 900 per cent.

Tech Mahindra on Thursday released its fiscal fourth quarter earnings report with profit at Rs 1166.70 crore, posting a jump of 76.51 per cent in comparison to Rs 661.00 crore recorded during the corresponding quarter of FY24. It posted revenue from operations at Rs 13,384.00 crore, up 3.98 per cent as against Rs 12,871.30 crore recorded during the fourth quarter of previous financial year. The company EBITDA stood at Rs 1,378 crore.

Axis Bank on Thursday released its fiscal fourth quarter earnings report with profit at Rs 7,117.50 crore, marginally lower than Rs 7,129.67 crore recorded during the corresponding quarter of FY24. The Bank’s net interest income (NII) stood at Rs 13,811 crore.

Prabhakar Atla, President and Chief Financial Officer, said, “At the end of FY25, our cash position is the highest ever – at $157 Mn for DET alone. FY25 FCF for DET stood at Rs 801 crore, our best-ever, with an improvement of 6% YoY, resulting from our continued focus on cash generation. We have also cleared all our long-term debt, which makes Cyient DET a long term debt free business. We are also very happy to announce a final dividend of INR 14 per share which translates into a full year dividend of INR 26 per share. As we exit FY25, we believe that we have an efficient, stable and proven framework of cost and cash management. This will be a critical enabler for us in navigating the current macro-economic uncertainties while providing us with the ability to explore and exploit opportunities effectively.”

Krishna Bodanapu, Executive Vice Chairman and Managing Director, said, “Our recently carved out Semicon business CSPL focuses on Technology development and disruption led by AI, DET business focuses on Technology services with Engineering competence as the core and our DLM business focusses on Engineering led Product manufacturing opportunities. With this we are well positioned to address a wide spectrum of growth opportunities in this emerging macro and geopolitical uncertainties. On the DET front, for FY25 DET business delivered revenue at $688 Mn, degrowth of 3% cc YoY. DET EBIT margin stood at 13.5%, declined by 261 bps YoY. Order intake for DET for the full year stood at $836 Mn, down YoY by about 7%, part of the degrowth attributed to evolving uncertainties through FY25 compared to previous year. We won 24 large deals in DET business with a total contract potential of $370.8 Mn in FY25.”

The company board recommended a final dividend of Rs 14 per equity share (i.e. 280 per cent) on par value of Rs 5 per share for the financial year 2024-25.

Cyient Ltd on Thursday announced its Q4FY25 results with profit at Rs 186.40 crore, posting a decline of 5.33 per cent in comparison to Rs 196.90 crore recorded during the corresponding quarter of FY24. It posted revenue from operations at Rs 1909.20 crore, up 2.60 per cent as against Rs 1860.80 crore recorded during the fourth quarter of previous financial year. The company EBIT went up by 5.2 per cent to Rs 234.8 crore.

AuM grew by 15% from Rs 3,889.2 billion as on March 31, 2024 to Rs 4,480.4 billion as on March 31, 2025 with debt-equity mix of 61:39. 94% of the debt investments are in AAA and Sovereign instruments.

SBI Life has a strong distribution network of 309,034 trained insurance professionals consisting of Agents, CIFs and SPs along with widespread operations with 1,110 offices across the country. “The Company has diversified distribution network comprising of a strong bancassurance channel, agency channel and others comprising corporate agents, brokers, micro agents, common service centers, insurance marketing firms, web aggregators and direct business,” it said.

Amit Jhingran, MD & CEO of SBI Life, said, “FY25 was an exceptional year on every front. Standing at the intersection of regulatory changes, evolving customer needs and digital acceleration, we responded with resilience and conviction. Our team exhibited exceptional agility in adapting to customer needs, innovated boldly to reshape experiences and scaled efficiently to make the benefit of life insurance available to every Indian. I am delighted to share that with a 12% growth in Individual Rated Premium, SBI Life outperformed industry growth of 10.5%. This speaks volumes about the strength and dedication of our teamwork, the trust that customers place in us and the excellence with which we execute our strategy.”

– Private Market leadership in Individual Rated Premium of Rs 193.5 billion with 22.8% market share

– Annualized Premium Equivalent (APE) stands at Rs 214.2 billion with growth of 9%

– Individual New Business Sum Assured stands at Rs 2,769 billion with 43% growth

– Improvement in 13M & 61M persistency by 63 bps & 528 bps respectively

– Value of New Business (VoNB) stands at Rs 59.5 billion with growth of 7%

– VoNB Margin stands at 27.8%

– Indian Embedded value (IEV) stands at Rs 702.5 billion with 21% growth

– Profit After Tax (PAT) stands at Rs 24.1 billion with 27% growth

– Operating Return on Embedded Value stands at 20.2%

– Assets under Management stands at Rs 4.5 trillion with 15% growth

– Robust Solvency ratio of 1.96

SBI Life Insurance Company Ltd on Thursday released its fiscal fourth quarter earnings report with profit at Rs 813.51 crore, marginally higher than Rs 810.80 crore recorded during the corresponding quarter of FY24. It posted Annualized Premium Equivalent (APE) at Rs 5,450 crore. Value of new biz stood at Rs 1,660 crore.

Kandarp Patel, CEO, Adani Energy Solutions, said, “AESL delivered strong operating and financial performance in FY25 backed by its distinguished ability to execute the complex projects, compete and outperform peers in the project bids and remain financially prudent at the same time. As we embark on the next fiscal year, the company remains focused on incremental project commissioning, significantly increasing the meter installation as well as achieving operating efficiencies in all lines of businesses. The integrated business model and underlying power demand trends in our areas of operation are encouraging and complements our capital allocation policy.”

Adani Energy said that FY25 was a momentous year for the company with solid operating and financial performance. “With its strong order book of Rs 59,936 crore in transmission, rising opportunities in distribution business and ramp-up in smart metering business, AESL not only consolidated its position but is also fully geared up to deliver strong performance in all lines of businesses,” it said in a regulatory filing.

FY25 saw unprecedented transmission bidding activity of Rs 1,61,540 crore, with AESL’s market share at 28 per cent. The near-term tendering pipeline is solid at Rs 54,000 crore.

Adani Energy Solutions Ltd on Thursday released its fiscal fourth quarter earnings report with profit at Rs 647.15 crore, posting a growth of 79.05 per cent in comparison to Rs 361.44 crore recorded during the corresponding quarter of FY24. It posted revenue from operations at Rs 6374.58 crore, up 35.43 per cent as against Rs 4706.85 crore recorded during the fourth quarter of previous fiscal year. The company EBITDA stood at Rs 2,251.2 crore, up 43.8 per cent YoY.

In the regulatory filing, ACC said that cement consumption grew by 8% during Q4FY25, marginally higher as compared to 7% in the previous quarter. The increase in demand was driven by a pick-up in construction activities, improvement in rural demand, traction in the real estate sector, and increased government spending on infrastructure and construction activities. As per the growth trends observed in Q3 and Q4FY25, it is projected that cement demand during FY26 will continue to benefit from the momentum gained by government spending on infrastructure and construction activities.

“The growth is anticipated to range between 7% to 8% for the coming fiscal, driven by ongoing consumption demand in the housing and infrastructure segments, as well as the favourable impact of the pro infra and housing Budget 2025,” the company said.

Vinod Bahety, Whole Time Director & CEO, ACC, said, “As we conclude this FY, ACC stands stronger, more agile and future ready. This year has been marked by strategic milestones that reinforce our position as a leader in the Indian cement industry. Our capacity expansion initiatives including the commissioning of new grinding units supported by debottlenecking and modernisation, are aligned with growing infrastructure and booming demand of the nation.”

The company board recommended a dividend of Rs 7.50 per Equity Share of face value of Rs 10 each fully paid-up for the Financial Year 2024-25, subject to approval of shareholders of the Company. In a regulatory filing, ACC said, “…it is hereby informed that the Company has fixed Friday, 13th June 2025 as ‘Record Date’ for the purpose of determining entitlement of the members of the Company to receive Dividend of Rs 7.50 per Equity Share having face value of Rs 10 each fully paid-up for the financial year 2024-25. The said Dividend, if declared by the shareholders at the ensuing AGM, shall be paid on or after 1st July 2025, subject to deduction of tax at source as applicable.”

ACC Ltd Q4 on Thursday announced its Q4FY25 results with a profit decline of 20.39 per cent at Rs 751.03 crore in comparison to Rs 943.34 crore recorded during the corresponding quarter of FY24. It posted revenue from operations at Rs 5,991.67 crore, up 12.69 per cent as against Rs 5,316.75 crore reported during the fourth quarter of previous financial year. The company reported a loss of Rs 134.73 crore in exceptional items (Income).

The order booking for the quarter ended on March 31, 2025, was $517.5 million in Total Contract Value (TCV) and $350.2 million in Annual Contract Value (ACV).

Sandeep Kalra, Chief Executive Officer and Executive Director, Persistent, said, “We are proud to have delivered our 20th sequential quarter of revenue growth, with an EBIT margin of 15.6%. Despite the uncertain macroeconomic environment, our consistent performance reflects the trust of our clients, enduring strength of our capabilities, and operational discipline.

As we look ahead, we are optimistic about sustaining progress to reach $2 billion in annual revenue by FY27. Our strategic pivot to AI-led platform-driven services will drive this growth, fueled by continued rigor and innovation. We are well-positioned to continue delivering consistent and differentiated long-term value for all our stakeholders.”

Shares of Persistent Systems went up by 0.8 per cent today at 1:50 pm to a trading price of Rs 5,203.80

Persistent Systems announced that the company board has recommended a final dividend of Rs 15.00 per equity share having a face value of Rs 5 each for the Financial Year 2024-25. “This final dividend is subject to the approval of members at the ensuing 35th Annual General Meeting which will be held on or before September 30, 2025. The book closure and record date for the purpose of payment of the final dividend for the financial year 2024-25 will be determined later and will be informed separately,” it said in a regulatory filing.

Persistent Systems Ltd on Thursday posted Q4FY25 profit at Rs 395.76 crore, reporting a growth of 25.51 per cent in comparison to Rs 315.32 crore recorded during the corresponding quarter of FY24. It posted revenue from operations at Rs 3242.11 crore, up 25.15 per cent as against Rs 2590.53 crore during the same period of previous financial year.

Suresh Narayanan, Chairman and Managing Director, Nestlé India, said, “I am pleased to share that we remain committed in our RUrban journey. We have strengthened our route to market through a comprehensive RUrban strategy focused on five key pillars: Infrastructure, Product Portfolio, Visibility, Consumer Connect, and Technology. Our RUrban distribution touchpoints have increased to 27,730. We are present in approximately 208,500 villages. RUrban smart stores and HAAT activities in village markets have been enhanced and use and interventions with technology accelerated.”