Tech Mahindra Limited (BOM:532755)

Tech Mahindra Income Statement

Financials in millions INR. Fiscal year is April - March.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2025	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Revenue	533,340	529,883	519,955	532,902	446,460	378,551
Revenue Growth (YoY)	2.88%	1.91%	-2.43%	19.36%	17.94%	2.68%
Cost of Revenue	362,275	362,558	365,589	363,129	297,869	247,932
Gross Profit	171,065	167,325	154,366	169,773	148,591	130,619
Selling, General & Admin	3,112	3,112	3,043	2,744	2,202	1,799
Other Operating Expenses	93,678	93,645	98,721	84,676	65,144	58,101
Operating Expenses	115,672	115,680	122,568	108,748	83,180	76,319
Operating Income	55,393	51,645	31,798	61,025	65,411	54,300
Interest Expense	-718	-655	-511	-456	-1,411	-1,466
Interest & Investment Income	1,979	1,979	1,568	1,078	995	3,256
Earnings From Equity Investments	65	86	105	-290	28	12
Currency Exchange Gain (Loss)	-2,376	-2,376	-421	2,990	5,633	975
Other Non Operating Income (Expenses)	1,022	286	2,770	1,384	1,219	622
EBT Excluding Unusual Items	55,365	50,965	35,309	65,731	71,875	57,699
Impairment of Goodwill	-273	-273	-4,582	-2,370	-	-507
Gain (Loss) on Sale of Investments	1,304	1,304	1,492	1,052	2,583	1,593
Gain (Loss) on Sale of Assets	4,536	4,536	25	42	63	744
Pretax Income	60,932	56,532	32,244	64,455	74,521	59,529
Income Tax Expense	15,762	14,002	8,276	15,885	18,220	15,999
Earnings From Continuing Operations	45,170	42,530	23,968	48,570	56,301	43,530
Minority Interest in Earnings	236	-15	-390	-257	-640	750
Net Income	45,406	42,515	23,578	48,313	55,661	44,280
Net Income to Common	45,406	42,515	23,578	48,313	55,661	44,280
Net Income Growth	80.41%	80.32%	-51.20%	-13.20%	25.70%	9.79%
Shares Outstanding (Basic)	886	886	884	882	879	874
Shares Outstanding (Diluted)	887	887	887	886	886	882
Shares Change (YoY)	-0.01%	0.03%	0.16%	-0.04%	0.45%	0.30%
EPS (Basic)	51.25	48.00	26.66	54.76	63.32	50.64
EPS (Diluted)	51.17	47.91	26.58	54.54	62.81	50.19
EPS Growth	80.42%	80.25%	-51.27%	-13.17%	25.14%	9.47%
Free Cash Flow	-	51,922	55,853	45,568	43,269	74,278
Free Cash Flow Per Share	-	58.51	62.95	51.44	48.83	84.20
Dividend Per Share	-	45.000	40.000	32.000	15.000	15.000
Dividend Growth	-	12.50%	25.00%	113.33%	-	-
Gross Margin	32.07%	31.58%	29.69%	31.86%	33.28%	34.51%
Operating Margin	10.39%	9.75%	6.12%	11.45%	14.65%	14.34%
Profit Margin	8.51%	8.02%	4.54%	9.07%	12.47%	11.70%
Free Cash Flow Margin	-	9.80%	10.74%	8.55%	9.69%	19.62%
EBITDA	66,779	63,345	44,753	75,065	75,392	63,950
EBITDA Margin	12.52%	11.96%	8.61%	14.09%	16.89%	16.89%
D&A For EBITDA	11,386	11,700	12,955	14,040	9,981	9,650
EBIT	55,393	51,645	31,798	61,025	65,411	54,300
EBIT Margin	10.39%	9.75%	6.12%	11.45%	14.65%	14.34%
Effective Tax Rate	25.87%	24.77%	25.67%	24.64%	24.45%	26.88%
Revenue as Reported	542,630	538,437	529,124	542,552	457,583	386,422

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.