Tech Mahindra announced its Q3 FY24 results on January 24, 2024. Topline declined by 4.61% and profit declined by 60.64%. Revenue grew 1.85% and profit 3.34% compared to the previous quarter.
Selling, general and administrative expenses increased 1.47% quarter-on-quarter and 5.03% year-on-year.
Operating income increased 53.8% quarter-on-quarter and decreased 57.29% year-on-year.
EPS is 5.76 for Q3FY24 which declined by 60.66% YoY.
Tech Mahindra has given -2.44% return in last 1 week, 20.2% return in last 6 months and 3.88% YTD return.
Currently, the market cap of Tech Mahindra is 129055.7 cr and 52wk high/low 1416.3 and 981.05 respectively.
As of January 27, 2024, out of 35 analysts covering the company, 2 analysts have given a Strong Sell rating, 11 analysts have given a Sell rating, 9 analysts have given a Hold rating, 8 analysts have given a Buy rating, and 5 analysts have given a Hold rating. Analysts have given Strong Buy rating.
The unanimous recommendation was to be put on hold until January 27, 2024.
Tech Mahindra Financial
| Duration | Q3FY24 | Q2FY24 | QoQ growth | Q3FY23 | year on year increase |
|---|---|---|---|---|---|
| total revenue | 13101.3 | 12863.9 | +1.85% | 13734.6 | -4.61% |
| Selling/General/Administrative Expenses Total | 7409.4 | 7302.2 | +1.47% | 7054.6 | +5.03% |
| Depreciation & Amortization | 443.4 | 465.7 | -4.79% | 498.1 | -10.98% |
| total operating expenses | 12398.3 | 12406.8 | -0.07% | 12088.7 | +2.56% |
| operating income | 703 | 457.1 | +53.8% | 1645.9 | -57.29% |
| net income before taxes | 678.8 | 615.3 | +10.32% | 1771.2 | -61.68% |
| Net income | 510.4 | 493.9 | +3.34% | 1296.6 | -60.64% |
| diluted normalized EPS | 5.76 | 6.95 | -17.18% | 14.64 | -60.66% |
questions to ask
Q: What is the company’s Q3FY24 profit/loss?
Answer: ₹510.4 crore
Q: What is the Q3 FY24 revenue?
Answer: ₹13101.3 crore
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Published: Jan 27, 2024, 03:00 am IST
