Tech Mahindra reveals Q4 FY 13 Consolidated Results

Tech Mahindra has announced its audited consolidated financial results for its fourth-quarter and year ended March 31, 2013.

The financial highlights of fourth-quarter revenue was up 34.4% YoY and 6.5% QoQ at Rs.1,907 crore and full-year revenue was at Rs.6,873 crore which was up 25.2% YoY. Tech Mahindra’s consolidated net profit after tax (PAT) for Q4 was at Rs.377 crore and full-year PAT at Rs.1,288 crore. The operating profit (EBITDA) was Rs.380 crore, up 58.9% YoY and 1% QoQ. Earnings per Share (EPS) were Rs.29.54 for Q4, whereas the EPS for full year was Rs.100.85 for the year ended March 31, 2013.

Vineet Nayyar, Executive Vice-Chairman, Tech Mahindra, said, “I am satisfied that we have delivered profitable growth for FY13, with significant margin improvement. I am confident that with our deep domain expertise in Telecom and a full portfolio of offerings, we would be able to leverage our leadership position to deliver higher value, for all our stakeholders.”  

C. P. Gurnani, Managing Director, Tech Mahindra, said, “We are optimistic about FY14, buoyed by our deal pipeline, business traction from recent acquisitions and leverage of business synergies with Mahindra Satyam. Our focus on non-linear growth alternatives like Platforms and Customer co-innovation continues to portend a steady future for us.”

Other highlights of the Q4 results include recommendation of a dividend of Rs.5/- per share for FY13 by its Board of Directors and total headcount was 47,498. Software Professional headcount stood at 24,410, BPO at 21,552 and Support staff at 1,536.