Tech Mahindra announces its annual financial results
28/04/2021
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Tech Mahindra Ltd., a specialist in digital transformation, consulting and business reengineering services announced the audited consolidated financial results for its fourth quarter and year ended ended March 31, 2021.
Financial highlights for the Year (USD)
Revenue at USD 5,111.1 mn; down 1.4% YoY
EBITDA at USD 925.6 mn; up 15.2% YoY;
Margins at 18.1%; up 260bps YoY
Profit after tax (PAT) at USD 597.8 mn; up 5.5% YoY
Free cash flow at $ 965 mn, conversion to PAT at 162%
Financial highlights for the year (₹)
Revenue at ₹ 37,855 crores; up 2.7% YoY
EBITDA at ₹ 6,847 crores; up 19.6% YoY;
Margins at 18.1%; up 260bps YoY
Profit after tax (PAT) at ₹ 4,428 crores; up 9.8% YoY
Earnings per share (EPS) was at ₹ 50.19
The Board has proposed a Final Dividend of ₹ 15/- per share (300%) and a Special Dividend of ₹ 15/- per share (300%) on the FV of ₹ 5 in addition to the Special Dividend of ₹ 15 /- per share declared earlier.
Total Dividend declared for FY21 is of ₹ 45/- per share (900%)
Free Cash flow of ₹ 7,169 Crore
Financial highlights for the quarter (USD)
Revenue at USD 1329.6 mn; up 1.6% QoQ, up 2.7% YoY
Revenue growth at 0.7% QoQ in constant currency terms
EBITDA at USD 266.1 mn; up 3.5% QoQ, up 45.6% YoY
Margins at 20.0%; up 40bps QoQ
Profit after tax (PAT) at USD 147.7 mn; down 16.9% QoQ, up 35.5% YoY
Free cash flow at $ 187 mn, conversion to PAT at 127%
Financial highlights for the quarter (₹)
Revenue at ₹ 9,730 crores; up 0.9% QoQ, up 2.5% YoY
EBITDA at ₹ 1,948 crores; up 2.8% QoQ, up 44.5% YoY
Consolidated PAT at ₹ 1,081 crores; down 17.4% QoQ, up 34.6% YoY
Earnings per share (EPS) was at ₹ 12.26
Other Highlights
Total headcount at 121,054, down 847 QoQ
Cash and Cash Equivalent at USD 1780.9 mn as of March 31, 2021
“Our continued focus on cutting-edge technologies has expanded client engagement with large deal wins this quarter. We are witnessing a strong demand acceleration and are committed towards delivering a next-level human-centered experience of the future, Now. The health and wellness of our associates and community at large, continues to be our prime focus, as we navigate through this pandemic together.”
“We have witnessed substantial margin improvement and cash flow generation this year. Our focus on delivery transformation will continue, as we increasingly witness a structural shift towards digital to adapt to the new normal. We are positioned uniquely to gain from this shift, while improving our financial and operating metrics going forward.