Tech Mahindra Ltd. today announced the audited consolidated financial results for its second quarter ended September 30, 2016.
Financial highlights for the quarter (₹)
- Revenue at ₹ 7,167 crore; up 8.3% YoY; up 3.6% QoQ
- EBITDA at ₹ 1,070 crore; margins flat QoQ at 14.9%
- Margins excluding one-time restructuring expense at 16.1% up 12.2% QoQ
- Consolidated PAT at ₹ 645 crore, margins at 9.0%
- Earnings per Share (EPS) was ₹ 7.4 for the quarter ended September 30, 2016
Financial highlights for the quarter (USD)
- Revenue at USD 1,072.4 mn; up 6.1% YoY and 4.0% QoQ
- Constant currency growth of 7.5% YoY and 5.0% QoQ
- EBITDA at USD 160.3 mn; down 3.2% YoY and up 4.5% QoQ
- Consolidated PAT at USD 96.5 mn, down 18.2% YoY and down 13.4% QoQ
Other Highlights
- Total headcount at 112,886; adds 5,670 professionals during the quarter
- Software headcount stood at 78,404; BPO at 27,669
- Cash and Cash equivalent of ₹ 4,001 crore as of September 30, 2016
- The Active Client count stood at 825 in Q2
Vineet Nayyar, Vice Chairman, Tech Mahindra, said "Our performance during the financial quarter indicates that our early investments in new technologies and capabilities are starting to show result. We look to continue our growth despite some macroeconomic challenges”.
C P Gurnani, Managing Director & CEO Tech Mahindra said. “Overall, it was a very good quarter for us with the growth well-supported by our key Communications and Enterprises businesses. We had some marquee wins which align very well with our strategy of catering to the connected world.”
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