Mumbai – January 30th, 2023: Tech Mahindra Ltd., a specialist in digital transformation, consulting and business re-engineering services today announced the audited consolidated financial results for its quarter ended December 31st, 2022.
Financial highlights for the quarter (USD)
· Revenue at USD 1,668 mn; up 1.8% QoQ and up 8.8% YoY
o Revenue growth 0.2% QoQ in constant currency terms
· EBITDA at USD 260 mn; up 6.0% QoQ, down 5.9% YoY
o EBITDA margin at 15.6%, up 50 bps
· Profit after tax (PAT) at USD 157 mn; down 1.0% QoQ and down 14.4% YoY
· Free cash flow at USD 31 mn, conversion to PAT at 20.0%.
Financial highlights for the quarter (₹)
· Revenue at ₹ 13,735 crores; up 4.6% QoQ and up 19.9% YoY
· EBITDA at ₹ 2,144 crores; up 8.1% QoQ, up 4.1% YoY
· Consolidated PAT at ₹ 1,297 crores; up 0.9% QoQ and down 5.3% YoY
Other Highlights
· Total headcount at 157,068, down 4.2% QoQ
· Cash and Cash Equivalent at USD 780 mn as of December 31st, 2022
