2025-04-14 03:04:20
Latest Post
IPO-bound Belrise Industries Ltd completes strategic acquisition of H-One India Private Limited
Mitsu Chem Plast Eyes ₹ 1,000 Cr Revenue by 2028
Aurobindo Pharma receives final ANDA approval for Rivaroxaban Tablets USP, 2.5mg
NHPC Ltd commissions commercial operation of 107.14 MW of 300 MW Karnisar Solar Power Plant
Nureca Limited's Manufacturing Subsidiary Secures US FDA Registration
Stock Report
Tech Mahindra Ltd reports Rs. 1064.6 crore consolidated PAT in Q2FY21
Posted On : 2020-10-23 16:20:10( TIMEZONE : IST )
TECH MAHINDRA LTD. has reported financial results for the period ended September 30, 2020.
Financial Results (Q2 FY20-21) - QoQ Comparison
The company has reported total income of Rs.9489.3 crores during the period ended September 30, 2020 as compared to Rs.9522.4 crores during the period ended June 30, 2020.
The company has posted net profit / (loss) of Rs.1064.6 crores for the period ended September 30, 2020 as against net profit / (loss) of Rs.972.3 crores for the period ended June 30, 2020.
The company has reported EPS of Rs.12.11 for the period ended September 30, 2020 as compared to Rs.11.01 for the period ended June 30, 2020.
| Financials | Q2 FY20-21 | Q1 FY20-21 | % Change |
| Total Income | ₹ 9489.3 crs | ₹ 9522.4 crs |  -0.35% |
| Net Profit | ₹ 1064.6 crs | ₹ 972.3 crs |  9.49% |
| EPS | ₹ 12.11 | ₹ 11.01 | 9.99% |
Financial Results (Q2 FY20-21) - YoY Comparison
The company has reported total income of Rs.9489.3 crores during the period ended September 30, 2020 as compared to Rs.9286.2 crores during the period ended September 30, 2019.
The company has posted net profit / (loss) of Rs.1064.6 crores for the period ended September 30, 2020 as against net profit / (loss) of Rs.1123.9 crores for the period ended September 30, 2019.
The company has reported EPS of Rs.12.11 for the period ended September 30, 2020 as compared to Rs.12.78 for the period ended September 30, 2019.
| Financials | Q2 FY20-21 | Q2 FY19-20 | % Change |
| Total Income | ₹ 9489.3 crs | ₹ 9286.2 crs | 2.19% |
| Net Profit | ₹ 1064.6 crs | ₹ 1123.9 crs | -5.28% |
| EPS | ₹ 12.11 | ₹ 12.78 | -5.24% |
Financial Results (6 months ended FY 20-21) - YoY Comparison
The company has reported total income of Rs.19011.7 crores during the 6 months period ended September 30, 2020 as compared to Rs.18280.5 crores during the 6 months period ended September 30, 2019.
The company has posted net profit / (loss) of Rs.2036.9 crores for the 6 months period ended September 30, 2020 as against net profit / (loss) of Rs.2083.2 crores for the 6 months period ended September 30, 2019.
The company has reported EPS of Rs.23.17 for the 6 months period ended September 30, 2020 as compared to Rs.23.69 for the 6 months period ended September 30, 2019.
| Financials | Half-Year Ended FY20-21 | Half-Year Ended FY19-20 | % Change |
| Total Income | ₹ 19011.7 crs | ₹ 18280.5 crs | 4% |
| Net Profit | ₹ 2036.9 crs | ₹ 2083.2 crs | -2.22% |
| EPS | ₹ 23.17 | ₹23.69 | -2.2% |
CP Gurnani, Managing Director & Chief Executive Officer, Tech Mahindra, said, Our Repair, Rally and Rise strategy has helped the company to emerge stronger, as we journey towards a post Covid world. We are witnessing demand revival across multiple segments, as customers have accelerated their pace of digital transformation. Our focus on creating Human Centered Experiences will enable us to capture increased spends on consumerization, as businesses try to stay relevant in the current environment.
Manoj Bhat, Chief Financial Officer, Tech Mahindra, said, Strong execution on both revenue growth and operational metrics has helped to improve our performance on all fronts. Our cash conversion continues to be robust and we remain committed towards creating value for our shareholders through effective capital return.
Vivek Agarwal, Head Corporate Development & Global Head for Healthcare and Financial Services, Tech Mahindra, said, The acquisition of Momenton and Tenzing Ltd, are in line with our strategy to strengthen our digital capabilities, and offer our clients end-to-end transformation services. This will significantly enhance our local presence in the markets, and the combination will create significant synergies and help in bringing next generation solutions to customers enabling them to run better, change faster and grow greater. We welcome the team of Momenton and Tenzing Ltd into the Tech Mahindra family, and look forward to creating and delivering enhanced customer experiences for our customers.
Shares of TECH MAHINDRA LTD. was last trading in BSE at Rs.838.1 as compared to the previous close of Rs. 845.3. The total number of shares traded during the day was 91572 in over 3192 trades.
The stock hit an intraday high of Rs. 853.9 and intraday low of 828.8. The net turnover during the day was Rs. 76946570.
