Tech Mahindra Income Statement

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

Millions INR. Fiscal year is Apr - Mar.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Revenue	568,154	529,883	519,955	532,902	446,460
Revenue Growth (YoY)	7.22%	1.91%	-2.43%	19.36%	17.94%
Cost of Revenue	365,785	362,558	365,589	363,129	297,869
Gross Profit	202,369	167,325	154,366	169,773	148,591
Selling, General & Admin	-	3,112	3,043	2,744	2,202
Other Operating Expenses	112,028	93,645	98,721	84,676	65,144
Operating Expenses	130,844	115,680	122,568	108,748	83,180
Operating Income	71,525	51,645	31,798	61,025	65,411
Interest Expense	-3,374	-655	-511	-456	-1,411
Interest & Investment Income	-	1,979	1,568	1,078	995
Earnings From Equity Investments	-15	86	105	-290	28
Currency Exchange Gain (Loss)	-	-2,376	-421	2,990	5,633
Other Non Operating Income (Expenses)	319	286	2,770	1,384	1,219
EBT Excluding Unusual Items	68,455	50,965	35,309	65,731	71,875
Impairment of Goodwill	-	-273	-4,582	-2,370	-
Gain (Loss) on Sale of Investments	-	1,304	1,492	1,052	2,583
Gain (Loss) on Sale of Assets	-	4,536	25	42	63
Other Unusual Items	-2,724	-	-	-	-
Pretax Income	65,731	56,532	32,244	64,455	74,521
Income Tax Expense	17,676	14,002	8,276	15,885	18,220
Earnings From Continuing Operations	48,055	42,530	23,968	48,570	56,301
Minority Interest in Earnings	54	-15	-390	-257	-640
Net Income	48,109	42,515	23,578	48,313	55,661
Net Income to Common	48,109	42,515	23,578	48,313	55,661
Net Income Growth	13.16%	80.32%	-51.20%	-13.20%	25.70%
Shares Outstanding (Basic)	886	886	884	882	879
Shares Outstanding (Diluted)	888	887	887	886	886
Shares Change (YoY)	0.04%	0.03%	0.16%	-0.04%	0.45%
EPS (Basic)	54.28	48.00	26.66	54.76	63.32
EPS (Diluted)	54.19	47.91	26.58	54.54	62.81
EPS Growth	13.11%	80.25%	-51.27%	-13.17%	25.14%
Free Cash Flow	54,763	51,922	55,853	45,568	43,269
Free Cash Flow Per Share	61.69	58.51	62.95	51.44	48.83
Dividend Per Share	51.000	45.000	40.000	32.000	15.000
Dividend Growth	13.33%	12.50%	25.00%	113.33%	-
Gross Margin	35.62%	31.58%	29.69%	31.86%	33.28%
Operating Margin	12.59%	9.75%	6.12%	11.45%	14.65%
Profit Margin	8.47%	8.02%	4.54%	9.07%	12.47%
Free Cash Flow Margin	9.64%	9.80%	10.74%	8.55%	9.69%
EBITDA	90,341	63,345	44,753	75,065	75,392
EBITDA Margin	15.90%	11.96%	8.61%	14.09%	16.89%
D&A For EBITDA	18,816	11,700	12,955	14,040	9,981
EBIT	71,525	51,645	31,798	61,025	65,411
EBIT Margin	12.59%	9.75%	6.12%	11.45%	14.65%
Effective Tax Rate	26.89%	24.77%	25.67%	24.64%	24.45%
Revenue as Reported	568,473	538,437	529,124	542,552	457,583

Source: S&P Global Market Intelligence. Standard template. Financial Sources.