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5 min read | Updated on April 25, 2025, 08:00 IST
SUMMARY
Stocks to watch: Tech Mahindra on Thursday posted a 76.5% jump in consolidated net profit to ₹1,166.7 crore for the March quarter of FY25, with a 3.5% jump in margins. The IT services company had posted a profit of ₹661 crore in the March quarter of FY24.
The GIFT NIFTY futures at 07:44 AM suggest that the NIFTY50 index will open 144 points higher. | Image: Shutterstock
The GIFT NIFTY futures at 07:44 AM suggest that the NIFTY50 index will open 144 points higher.
Its net profit stood at ₹665.5 crore in the year-ago period. Total income rose to ₹4,420.3 crore in the fourth quarter of the previous fiscal year from ₹4,083.9 crore in the corresponding period of the preceding year, according to a regulatory filing.
Its revenue from operations, however, was marginally up 0.6% to ₹3,027 crore during the reporting quarter. Earnings before interest, taxes, depreciation, and amortisation (EBITDA) slipped 15% to ₹416 crore in Q4 FY25. Margin also declined to 13.8% as against 16.3% seen last year in the same quarter.
Sequentially, the net profit fell 3.5% from ₹322.4 crore in Q3 FY25.
The IT company had posted a profit of ₹661 crore in the March quarter of FY24.
Tech Mahindra bagged new deals worth $798 million, or about ₹6,800 crore, during the quarter and deals worth $2.7 billion (about ₹23,000 crore) for the full fiscal year.
It had posted a net profit of ₹1.40 crore in the January-March period of the preceding 2023-24 fiscal year, the company said in an exchange filing.
During the fourth quarter of FY25, the company's total income surged to ₹2,506.45 crore from ₹1,211.40 crore in the same period a year ago.
Expenses stood at ₹2,419.73 crore as against ₹1,177.66 crore in the fourth quarter of last fiscal.
The raids were conducted at the company's premises in Delhi, Gurugram and Ahmedabad under the provisions of the Foreign Exchange Management Act (FEMA).
The promoter brothers of the company – Anmol Singh Jaggi and Puneet Singh Jaggi – are under the scanner of the federal probe agency following a SEBI report against them for alleged financial misconduct and diversion of funds.
It had reported a consolidated net profit of ₹96.68 crore in the quarter ended on March 31, 2024, a regulatory filing showed.
Total income in the reporting quarter rose to ₹174.59 crore from ₹149.28 in the same period a year ago.
Its total income was ₹4.81 crore during the fourth quarter against ₹15.18 crore in the year-ago quarter, the company said in a regulatory filing.
Expenses were trimmed to ₹8.89 crore during the quarter under review, from ₹22.41 crore in FY25.
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