Tech Mahindra’s Q2FY23 Quarter Results

Tech Mahindra’s revenues grew 20.2% YoY
  • 01 Nov 2022
  • Tech Mahindra reported 4.6% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter ended September (Q2FY23). On a year-on-year (YoY) basis, it witnessed a growth of 20.2%.
  • Its expenses for the quarter were up by 3.5% QoQ and 26.7% YoY.
  • The net profit increased by 13.2% QoQ and down 3.1% YoY.
  • The earnings per share (EPS) of Tech Mahindra stood at 14.5 during Q2FY23.

Tech Mahindra’s Financial Statements for Q2FY23:

(Rs, crores) Q2FY22 Q1FY23 Q2FY23 QoQ (%) YoY (%)
Total Income
11,163
12,830
13,420
4.6%
20.2%
Total Expenses
9,265
11,345
11,741
3.5%
26.7%
Profit before tax
1,898
1,486
1,664
12.0%
-12.3%
Tax
557
338
365
7.9%
-34.5%
Profit after tax
1,341
1,148
1,299
13.2%
-3.1%
Earnings per share
15.1
12.8
14.5

Data Source: BSE, Company announcements

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