Tech Mahindra Q1 Results 2024: The Q1 FY25 results of Tech Mahindra Limited will be announced on Thursday, July 25, 2024. The exact time of Tech Mahindra Q1 FY25 results is not known yet.
| Tech Mahindra Q1 FY25 Results Date | July 25, 2024 |
| Tech Mahindra Q1 FY25 Results Time | Not available |
Latest News on Tech Mahindra
The market capitalisation (mcap) of Tech Mahindra stands at Rs 1.49 lakh crore. Each share of Tech Mahindra is trading at Rs 1,537.40, up by 2.92%. The previous close was Rs 1,493.85 per share on the Bombay Stock Exchange (BSE).
Over the past 52 weeks, Tech Mahindra Ltd. shares have ranged from a low of Rs 1,082.55 to a high of Rs 1,544.85.
Regarding its recent performance, Tech Mahindra Ltd. has demonstrated gains of 2.75% in a single day, 9.57% over the past month, and 29.41% over the last three months.
Tech Mahindra Ltd. Q1 Results: Where to Watch?
To stay updated on Tech Mahindra Limited’s financial results, investors and stakeholders can access information through several reliable sources. Firstly, Tech Mahindra’s official website (www.techmahindra.com) typically publishes their financial statements and quarterly results under the “Investors” or “Investor Relations” section. Here, one can find detailed reports, presentations, and transcripts of earnings calls, providing insights into the company’s performance metrics, financial health, and strategic initiatives.
Financial news websites, including FinancialExpress.com, will also cover Tech Mahindra’s earnings announcements and provide analyses of their results. We offer expert opinions, market reactions, and comparisons against analyst expectations, helping investors gauge the impact on Tech Mahindra’s stock and industry standing.
Investors can also rely on financial market platforms for comprehensive coverage of Tech Mahindra’s quarterly and annual results.
For those interested in real-time updates, following Tech Mahindra on social media channels like Twitter and LinkedIn can provide immediate notifications and links to announcements, ensuring timely access to critical information.
Tech Mahindra Ltd. Q1 Results: How did the company perform in last quarter?
Tech Mahindra Limited, in its financial results for the fourth quarter of FY24, revealed a net profit of Rs 664.2 crore. This figure marks a notable decline of 41% compared to the Rs 1,125 crore recorded in the corresponding period of the previous fiscal year.
In terms of revenue from operations, Tech Mahindra reported Rs 12,871.3 crore for Q4 FY24, indicating a decrease of 6% from Rs 13,718.2 crore reported in Q4 FY23.
The operating profit or EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) of Tech Mahindra Limited stood at Rs 1,408 crore. This figure reflects a decrease of 30.3% compared to the previous year. However, on a quarterly basis, EBITDA showed a notable increase, rising by 22.8%.
Tech Mahindra Ltd. Q1 Results Preview
Analysts from JM Financial anticipate Tech Mahindra to achieve a marginal 0.3% quarter-on-quarter consolidated revenue growth, driven by a projected 1% growth in the Enterprise segment, offsetting a slight decline in Telecom revenues affected by seasonal softness and subdued demand in Comviva. They foresee Tech Mahindra maintaining a typical deal Total Contract Value (TCV) of around USD 500 million.
Kotak Institutional Equities predicts a moderate 0.4% revenue growth, highlighting strength in the manufacturing and hi-tech sectors, but expects weakness in Communications due to seasonal factors impacting Comviva. They anticipate a 110 basis points improvement in EBIT margin from efficiency measures. Attention is focused on achieving CEO-set medium-term targets like margin improvement to 15% by FY2027 and the performance of Telecom and financial services verticals.
Prabhudas Lilladher expects revenue growth (0.3% CC QoQ) to be impacted by seasonality in Comviva business. They also anticipate modest recovery in margins by 30 bps QoQ in Q1 due to missing operating leverage.