Tech Mahindra Q4FY22 PAT up 39.24% at Rs1,506 crore on the back of 13.2% dollar EBIT margins

16 May 2022 , 01:12 AM

Tech Mahindra reported 30.89% growth in sales revenues yoy for the Q4FY22 quarter on consolidated basis at Rs1,339.82 crore. On a sequential basis, revenues were higher for the quarter by 49.17%.

For full year FY22, the revenues were higher by 17.94% at Rs46,646 crore. For Q4FY22, For the quarter, the revenues were up 4.9% QOQ in rupee terms but 5.4% in constant currency terms.

The final dividend of Rs.30 per shares takes the total dividend for the year to Rs45 per share. Free cash flow stood at $111 million. Total head count in the quarter was up by 4.2% at 151,173. Tech Mahindra has 62% onsite income.

The consolidated net profit for Q4FY22 was up 39.24% at Rs1,506 crore while it was up on a sequential basis by 10.03%. For Q4FY22, the dollar EBIT margins stood at 13.2% while for FY22 full year it was 14.6%.

Rupee EBITDA for the quarter came in 7.2% at Rs2,088.40 crore but on QOQ basis, EBITDA was up just 1.4%. Net cash from operations fell sharply by 34.7% at Rs5,285 crore on spike in trade receivables.

Net margins were 12.43% in Q4FY22 quarter compared to 11.11% in Q4FY21. NPM was higher as compared to 11.95% in Q3FY22.

Financial highlights for Mar-22 compared yoy and sequentially

	Tech Mahindra
Rs in Crore	Mar-22	Mar-21	YOY	Dec-21	QOQ
Total Income (Rs cr)	₹ 12,116	₹ 9,730	24.53%	₹ 11,451	5.81%
Net Profit (Rs cr)	₹ 1,506	₹ 1,081	39.24%	₹ 1,369	10.03%
Diluted EPS (Rs)	₹ 16.94	₹ 12.26		₹ 15.46
Net Margins	12.43%	11.11%		11.95%