Tech Mahindra Q2 revenue at Rs9,372cr; PAT Rs1,065cr

The company’s board has proposed a special dividend of Rs15 per share (300%).

Oct 23, 2020 04:10 IST India Infoline News Service

Quarterly Results
Tech Mahindra Ltd., a specialist in digital transformation, consulting and business reengineering services today announced the audited consolidated financial results for its second quarter ended September 30, 2020.

The company’s revenue at Rs9,372cr; up 2.9% qoq up 3.3% yoy. EBITDA stood at Rs1,703cr; up 30.9% QoQ; Margins at 18.2%; up 390bps qoq. Profit after tax (PAT) at Rs1065cr; up 9.5% qoq. Earnings per share (EPS) was at Rs12.11.

The company’s Board has proposed a special dividend of Rs15 per share (300%).

“Our Repair, Rally and Rise strategy has helped the company to emerge stronger, as we journey towards a post Covid world. We are witnessing demand revival across multiple segments, as customers have accelerated their pace of digital transformation. Our focus on creating Human Centered Experiences will enable us to capture increased spends on consumerization, as businesses try to stay relevant in the current environment,” CP Gurnani, Managing Director & Chief Executive Officer, Tech Mahindra, said.

Manoj Bhat, Chief Financial Officer, Tech Mahindra, said: “Strong execution on both revenue growth and operational metrics has helped to improve our performance on all fronts. Our cash conversion continues to be robust and we remain committed towards creating value for our shareholders through effective capital return.”

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