Tech Mahindra Share Price Touches 52-Week High as Q2 FY 2025 Profit Surges 150.7% YoY; Announces ₹15 Dividend

Tech Mahindra Limited has released its audited consolidated and standalone financial results for the second quarter and half-year ended September 30, 2024. 

The company reported a revenue of $1,589 million, reflecting a growth from $1,559 million in the previous quarter (Q1 FY 2025) and a 2.2% year-on-year (YoY) increase.

The Profit After Tax (PAT) margin stood at 9.4%, marking a significant improvement of 280 basis points (bps) quarter-on-quarter (QoQ) and 560 bps YoY. 

Tech Mahindra’s profit for the quarter reached $149 million, representing a 46.1% increase QoQ and a 150.7% increase YoY. The Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) were reported at $209 million, up 11.3% QoQ and 61.4% YoY. The EBITDA margin improved to 13.1%, an increase of 110 bps QoQ and 480 bps YoY.

In line with its strong financial performance, the company has declared an interim dividend of ₹15 per equity share, which translates to 300% of the face value of ₹5 per share. The record date for determining eligible shareholders for the dividend is set for Friday, November 1, 2024. Shareholders listed in the register or beneficial ownership list by the end of business hours on this date will be entitled to receive the interim dividend, which will be paid through permitted modes by November 17, 2024.

Commenting on the performance for the quarter, the Chief Financial Officer of Tech Mahindra, Rohit Anand, said, “This quarter we see consistent performance around increasing deal wins, revenue growth, cost optimisation and steady free cash flow generation as we continue our journey towards FY27 stated targets. In line with our capital allocation policy, the board has declared an interim dividend of ₹15 per share.”

On October 21, 2024, Tech Mahindra share price opened at ₹1,745.00, up from its previous close of ₹1,687.90. At 10:29 AM, the share price of Tech Mahindra was trading at ₹1,724.95, up by 2.20%. Notably, the share price touched its 52-week high at ₹1,761.85. 

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