Tech Mahindra Reports Strong Financial Results for Q2 FY25, Positive Growth in Key Areas
Tech Mahindra, a leading IT software company, has recently announced its financial results for the quarter ending September 2024. The company has shown a positive performance with a score of 16, which is a significant improvement from the previous score of 7 in the last 3 months.
One of the key factors contributing to this positive performance is the growth in Profit Before Tax (PBT) less Other Income, which has increased by 86.1% to Rs 1,192.00 crore compared to the average PBT of the previous four quarters. This trend is expected to continue in the near term.
Similarly, the Profit After Tax (PAT) has also shown a significant growth of 98.7% to Rs 1,250.10 crore compared to the average PAT of the previous four quarters. This is the highest PAT in the last five quarters and the trend is expected to remain positive.
The company’s Net Sales have also seen a positive trend, with the highest sales of Rs 13,313.20 crore in the last five quarters. This indicates a positive sales trend in the near term.
Tech Mahindra’s Operating Profit (PBDIT) has also shown a positive trend, with the highest value of Rs 1,750.20 crore in the last five quarters. This indicates the company’s efficiency has improved.
Moreover, the Operating Profit Margin has also seen an improvement, with the highest value of 13.15% in the last five quarters. This indicates that the company is becoming more efficient in its operations.
The company’s Earnings per Share (EPS) have also shown a positive trend, with the highest value of Rs 14.14 in the last five quarters. This indicates that the company is creating higher earnings for its shareholders.
However, one area of concern is the Non Operating Income, which has seen a significant increase to Rs 521.50 crore in the last five quarters. This may not be sustainable as it is derived from non-business activities.
Overall, Tech Mahindra’s financial performance for the quarter ending September 2024 has been positive and the company’s future looks promising. With a ‘Buy’ call from MarketsMOJO, investors can consider adding Tech Mahindra to their portfolio.
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