Tech Mahindra Q4 Results: Profit jumps 76% YoY to Rs 1,167 crore, revenue up 4%; Rs 30 per share dividend declared

IT services company Tech Mahindra posted 76% YoY growth in its consolidated net profit at Rs 1,167 crore in the fourth quarter, while revenue from operations increased 4% year-on-year (YoY) to Rs 13,384 crore.

The company's Board has also recommended a final dividend of Rs 30 per share for the financial year ended March 2025.

On a sequential basis, profit surged 19% and revenues rose by a marginal 1%.

EBIT during the fourth quarter increased 48% YoY to Rs 1405 crore. The same was up 4% quarter-on-quarter (QoQ).

In constant currency (CC) terms, revenue grew 0.3% YoY, but fell 1.5% QoQ. The dollar revenue for the company stood at $1.5 billion, which was flat YoY.

"This year, we laid a strong foundation for our transformation journey. Through strategic investments in our people, leadership, and capabilities, we have positioned ourselves to accelerate our strategic roadmap," said Mohit Joshi, CEO and MD, Tech Mahindra.

The company secured deal wins of $2.7 billion, reflecting a 42% YoY increase. "This is a clear validation of the depth of our client partnerships," Tech Mahindra said.

For the full year, consolidated PAT soared 80% YoY to Rs 4,252 crore, while revenues were up 2% YoY to Rs 54,988 crore. EBIT for FY25 grew 63% YoY to Rs 5,138 crore.

Total headcount at the end of FY25 stood at 148,731, down 1,757 employees when compared with the preceding December quarter. LTM IT attrition came in at 11.8%.

The company had cash and cash equivalent of Rs 7,656 crore at the end of March quarter.

"We delivered operational excellence by achieving a 60% increase in operating profit through strong execution, operational leverage, and cost management. We raised our dividend per share by 12.5% and returned 85% of our free cash flow to shareholders, reflecting our commitment to capital allocation policy," said Rohit Anand, CTO, Tech Mahindra.

On Thursday, Tech Mahindra shares closed 0.5% higher at Rs 1,446 on NSE.