CP-Gurnani,-Managing-Director-&-Chief-Executive-Officer,-Tech-Mahindra-Tech Mahindra-techxmedia

Tech Mahindra announces its annual financial results

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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

CP Gurnani, Managing Director & Chief Executive Officer, Tech Mahindra, said,

“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.”

Milind Kulkarni, Chief Financial Officer, Tech Mahindra, said,

Milind-Kulkarni - techxmedia

“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.

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