Tech Mahindra Limited (BOM: 532755)

Tech Mahindra Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2024	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Revenue	522,913	519,955	532,902	446,460	378,551	368,677
Revenue Growth (YoY)	-2.21%	-2.43%	19.36%	17.94%	2.68%	6.12%
Cost of Revenue	365,166	365,589	363,129	297,869	247,932	242,508
Gross Profit	157,747	154,366	169,773	148,591	130,619	126,169
Selling, General & Admin	3,043	3,043	2,744	2,202	1,799	3,485
Other Operating Expenses	93,058	98,721	84,676	65,144	58,101	63,859
Operating Expenses	117,102	122,568	108,748	83,180	76,319	82,974
Operating Income	40,645	31,798	61,025	65,411	54,300	43,195
Interest Expense	-	-511	-456	-1,411	-1,466	-1,537
Interest & Investment Income	9,364	1,568	1,078	995	3,256	2,775
Earnings From Equity Investments	144	105	-290	28	12	-55
Currency Exchange Gain (Loss)	-1,499	-421	2,990	5,633	975	3,022
Other Non Operating Income (Expenses)	-1,789	2,770	1,384	1,219	622	1,722
EBT Excluding Unusual Items	46,865	35,309	65,731	71,875	57,699	49,122
Impairment of Goodwill	-3,087	-4,582	-2,370	-	-507	-1,456
Gain (Loss) on Sale of Investments	1,492	1,492	1,052	2,583	1,593	2,063
Gain (Loss) on Sale of Assets	25	25	42	63	744	1,568
Asset Writedown	-	-	-	-	-	-719
Pretax Income	45,295	32,244	64,455	74,521	59,529	50,578
Income Tax Expense	12,193	8,276	15,885	18,220	15,999	11,604
Earnings From Continuing Operations	33,102	23,968	48,570	56,301	43,530	38,974
Minority Interest in Earnings	-372	-390	-257	-640	750	1,356
Net Income	32,730	23,578	48,313	55,661	44,280	40,330
Net Income to Common	32,730	23,578	48,313	55,661	44,280	40,330
Net Income Growth	-9.10%	-51.20%	-13.20%	25.70%	9.79%	-6.16%
Shares Outstanding (Basic)	885	884	882	879	874	873
Shares Outstanding (Diluted)	887	887	886	886	882	880
Shares Change (YoY)	0.09%	0.16%	-0.04%	0.45%	0.30%	-2.33%
EPS (Basic)	36.99	26.66	54.76	63.32	50.64	46.21
EPS (Diluted)	36.89	26.58	54.54	62.81	50.19	45.85
EPS Growth	-9.17%	-51.27%	-13.17%	25.14%	9.47%	-3.92%
Free Cash Flow	51,798	55,853	45,568	43,269	74,278	35,135
Free Cash Flow Per Share	58.37	62.95	51.44	48.83	84.20	39.95
Dividend Per Share	43.000	40.000	32.000	15.000	15.000	15.000
Dividend Growth	-2.27%	25.00%	113.33%	0%	0%	7.14%
Gross Margin	30.17%	29.69%	31.86%	33.28%	34.50%	34.22%
Operating Margin	7.77%	6.12%	11.45%	14.65%	14.34%	11.72%
Profit Margin	6.26%	4.53%	9.07%	12.47%	11.70%	10.94%
Free Cash Flow Margin	9.91%	10.74%	8.55%	9.69%	19.62%	9.53%
EBITDA	53,797	44,753	75,065	75,392	63,950	53,180
EBITDA Margin	10.29%	8.61%	14.09%	16.89%	16.89%	14.42%
D&A For EBITDA	13,152	12,955	14,040	9,981	9,650	9,985
EBIT	40,645	31,798	61,025	65,411	54,300	43,195
EBIT Margin	7.77%	6.12%	11.45%	14.65%	14.34%	11.72%
Effective Tax Rate	26.92%	25.67%	24.65%	24.45%	26.88%	22.94%
Revenue as Reported	534,185	529,124	542,552	457,583	386,422	380,601

Source: S&P Capital IQ. Standard template. Financial Sources.