Tech Mahindra, an IT services company, released its financial results for the third quarter that ended on december 31 of the current fiscal year (Q3 FY25).
Revenue and net profit Q3 FY25
During the reporting quarter, the company's consolidated net profit increased 92.63 per cent year-over-year (YoY) to Rs 983.2 crore from Rs 510.4 crore during the same period last year. Profit decreased 21 per cent on a quarter-over-quarter (QoQ) or sequential basis to Rs 1,250.1 crore.
In Q3 of FY25, the company's revenue climbed 1.4 per cent year over year to Rs 13,286 crore. On a sequential basis, the revenue decreased by 0.2 per cent.
EBITDA Q3 FY25
The company's earnings before interest, taxes, depreciation, and amortisation (EBITDA) were Rs 1,809 crore, up 57.8 per cent from Rs 1,146.5 crore reported in the second quarter of FY25.
The company's BFSI segment grew by 8.3 per cent YoY and 0.4 per cent QoQ, while its manufacturing sector saw a decline of 7.2 per cent YoY and 3.7 per cent QoQ.
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Headcount at Tech Mahindra
At the end of the quarter, Tech Mahindra had 150,488 employees, a 3,785 decrease on a sequential basis. By the end of the third quarter of FY25, there were 146,250 employees.
Tech Mahindra Q2 FY25
For the second quarter of the current fiscal year (Q2 FY), Tech Mahindra reported a net profit of Rs 1,250 crore, which increased by 153 per cent year over year (YoY). The sequential increase in PAT profit was 46.8 per cent.
Revenue Q2 FY25
The company made Rs 13,313 crore in revenue for the quarter, a 3.5 per cent year-over-year increase. In Q2 of FY25, Tech Mahindra reported a 2.4 per cent increase in revenue.
