Tech Mahindra Income Statement

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

Millions INR. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2019 - 2015
Period Ending	Jun '24 Jun 30, 2024	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021	Mar '20 Mar 31, 2020	2019 - 2015
Revenue	518,420	519,955	532,902	446,460	378,551	368,677	Upgrade
Revenue Growth (YoY)	-3.53%	-2.43%	19.36%	17.94%	2.68%	6.12%	Upgrade
Cost of Revenue	363,867	365,589	363,129	297,869	247,932	242,508	Upgrade
Gross Profit	154,553	154,366	169,773	148,591	130,619	126,169	Upgrade
Selling, General & Admin	3,043	3,043	2,744	2,202	1,799	3,485	Upgrade
Other Operating Expenses	96,643	98,721	84,676	65,144	58,101	63,859	Upgrade
Operating Expenses	120,646	122,568	108,748	83,180	76,319	82,974	Upgrade
Operating Income	33,907	31,798	61,025	65,411	54,300	43,195	Upgrade
Interest Expense	-29	-511	-456	-1,411	-1,466	-1,537	Upgrade
Interest & Investment Income	1,608	1,568	1,078	995	3,256	2,775	Upgrade
Earnings From Equity Investments	53	105	-290	28	12	-55	Upgrade
Currency Exchange Gain (Loss)	-931	-421	2,990	5,633	975	3,022	Upgrade
Other Non Operating Income (Expenses)	2,770	2,770	1,384	1,219	622	1,722	Upgrade
EBT Excluding Unusual Items	37,378	35,309	65,731	71,875	57,699	49,122	Upgrade
Impairment of Goodwill	-4,582	-4,582	-2,370	-	-507	-1,456	Upgrade
Gain (Loss) on Sale of Investments	1,492	1,492	1,052	2,583	1,593	2,063	Upgrade
Gain (Loss) on Sale of Assets	25	25	42	63	744	1,568	Upgrade
Asset Writedown	-	-	-	-	-	-719	Upgrade
Pretax Income	34,313	32,244	64,455	74,521	59,529	50,578	Upgrade
Income Tax Expense	8,733	8,276	15,885	18,220	15,999	11,604	Upgrade
Earnings From Continuing Operations	25,580	23,968	48,570	56,301	43,530	38,974	Upgrade
Minority Interest in Earnings	-412	-390	-257	-640	750	1,356	Upgrade
Net Income	25,168	23,578	48,313	55,661	44,280	40,330	Upgrade
Net Income to Common	25,168	23,578	48,313	55,661	44,280	40,330	Upgrade
Net Income Growth	-42.70%	-51.20%	-13.20%	25.70%	9.79%	-6.16%	Upgrade
Shares Outstanding (Basic)	885	884	882	879	874	873	Upgrade
Shares Outstanding (Diluted)	888	887	886	886	882	880	Upgrade
Shares Change (YoY)	0.20%	0.16%	-0.04%	0.45%	0.30%	-2.33%	Upgrade
EPS (Basic)	28.45	26.66	54.76	63.32	50.64	46.21	Upgrade
EPS (Diluted)	28.36	26.58	54.54	62.81	50.19	45.85	Upgrade
EPS Growth	-42.80%	-51.27%	-13.17%	25.14%	9.47%	-3.92%	Upgrade
Free Cash Flow	-	55,853	45,568	43,269	74,278	35,135	Upgrade
Free Cash Flow Per Share	-	62.95	51.44	48.83	84.20	39.95	Upgrade
Dividend Per Share	-	40.000	32.000	15.000	15.000	15.000	Upgrade
Dividend Growth	-	25.00%	113.33%	0%	0%	7.14%	Upgrade
Gross Margin	29.81%	29.69%	31.86%	33.28%	34.50%	34.22%	Upgrade
Operating Margin	6.54%	6.12%	11.45%	14.65%	14.34%	11.72%	Upgrade
Profit Margin	4.85%	4.53%	9.07%	12.47%	11.70%	10.94%	Upgrade
Free Cash Flow Margin	-	10.74%	8.55%	9.69%	19.62%	9.53%	Upgrade
EBITDA	46,591	44,753	75,065	75,392	63,950	53,180	Upgrade
EBITDA Margin	8.99%	8.61%	14.09%	16.89%	16.89%	14.42%	Upgrade
D&A For EBITDA	12,684	12,955	14,040	9,981	9,650	9,985	Upgrade
EBIT	33,907	31,798	61,025	65,411	54,300	43,195	Upgrade
EBIT Margin	6.54%	6.12%	11.45%	14.65%	14.34%	11.72%	Upgrade
Effective Tax Rate	25.45%	25.67%	24.65%	24.45%	26.88%	22.94%	Upgrade
Revenue as Reported	527,119	529,124	542,552	457,583	386,422	380,601	Upgrade

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