Tech Mahindra shares fall 3.62% amid volume surge

Shares of Tech Mahindra experienced a decline in Monday's trading session, with the stock price decreasing by 3.62% to Rs 1,497.50. The stock witnessed a surge in volume.

Financial Snapshot:

The following table presents Tech Mahindra's key consolidated financial figures:

HeadingJun 2024Sep 2024Dec 2024Mar 2025

Jun 2025

RevenueRs 13,005.50 CroreRs 13,313.22 CroreRs 13,285.60 CroreRs 13,384.00 Crore

Rs 13,351.20 CroreNet ProfitRs 862.20 CroreRs 1,256.88 CroreRs 982.20 CroreRs 1,143.10 Crore

Rs 1,128.30 CroreEPS9.6214.1211.1013.17

12.87

The revenue for the quarter-ending June 2025 stood at Rs 13,351.20 Crore, slightly up compared to Rs 13,005.50 Crore in June 2024. The net profit for the quarter-ending June 2025 was Rs 1,128.30 Crore compared to Rs 862.20 Crore in June 2024. Earnings per share (EPS) stood at 12.87 in June 2025, compared to 9.62 in June 2024.

Annual Financial Performance:

Key figures from Tech Mahindra's annual consolidated income statements are detailed below:

Heading2021202220232024

2025

RevenueRs 37,855.10 CroreRs 44,646.00 CroreRs 53,290.20 CroreRs 51,995.50 Crore

Rs 52,988.30 CroreNet ProfitRs 4,351.80 CroreRs 5,627.30 CroreRs 4,886.00 CroreRs 2,386.30 Crore

Rs 4,244.40 CroreEPS50.6463.3254.7626.66

48.00BVPS288.78311.99322.65307.56

309.24ROE17.8120.7017.308.84

15.53Debt to Equity0.070.060.060.06

0.02

The annual revenue for year-ending March 2025 was Rs 52,988.30 Crore, slightly up compared to Rs 51,995.50 Crore for year-ending March 2024. The net profit for the year-ending March 2025 was Rs 4,244.40 Crore, compared to Rs 2,386.30 Crore for the year-ending March 2024. Earnings per share (EPS) stood at 48.00 for the year-ending March 2025, up from 26.66 for the year-ending March 2024.

Yearly Income Statement:

The following table shows the yearly income statement:

Mar 2025Mar 2024Mar 2023Mar 2022

Mar 2021

SalesRs 52,988 CroreRs 51,995 CroreRs 53,290 CroreRs 44,646 Crore

Rs 37,855 CroreOther IncomeRs 855 CroreRs 916 CroreRs 965 CroreRs 1,112 Crore

Rs 787 CroreTotal IncomeRs 53,843 CroreRs 52,912 CroreRs 54,255 CroreRs 45,758 Crore

Rs 38,642 CroreTotal ExpenditureRs 47,877 CroreRs 49,306 CroreRs 47,455 CroreRs 38,146 Crore

Rs 32,516 CroreEBITRs 5,966 CroreRs 3,606 CroreRs 6,800 CroreRs 7,611 Crore

Rs 6,125 CroreInterestRs 321 CroreRs 392 CroreRs 325 CroreRs 162 Crore

Rs 174 CroreTaxRs 1,400 CroreRs 827 CroreRs 1,588 CroreRs 1,822 Crore

Rs 1,599 CroreNet ProfitRs 4,244 CroreRs 2,386 CroreRs 4,886 CroreRs 5,627 Crore

Rs 4,351 Crore

Quarterly Income Statement:

The following table highlights the quarterly income statement:

Jun 2025Mar 2025Dec 2024Sep 2024

Jun 2024

SalesRs 13,351 CroreRs 13,384 CroreRs 13,285 CroreRs 13,313 Crore

Rs 13,005 CroreOther IncomeRs 218 CroreRs 172 CroreRs 16 CroreRs 521 Crore

Rs 144 CroreTotal IncomeRs 13,569 CroreRs 13,556 CroreRs 13,302 CroreRs 13,834 Crore

Rs 13,150 CroreTotal ExpenditureRs 11,874 CroreRs 12,006 CroreRs 11,935 CroreRs 12,032 Crore

Rs 11,903 CroreEBITRs 1,695 CroreRs 1,550 CroreRs 1,366 CroreRs 1,801 Crore

Rs 1,247 CroreInterestRs 77 CroreRs 85 CroreRs 75 CroreRs 89 Crore

Rs 71 CroreTaxRs 489 CroreRs 322 CroreRs 308 CroreRs 456 Crore

Rs 313 CroreNet ProfitRs 1,128 CroreRs 1,143 CroreRs 982 CroreRs 1,256 Crore

Rs 862 Crore

Cash Flow:

The table below presents Tech Mahindra's cash flow details:

Mar 2025Mar 2024Mar 2023Mar 2022

Mar 2021

Operating ActivitiesRs 5,785 CroreRs 6,376 CroreRs 5,572 CroreRs 5,285 Crore

Rs 8,093 CroreInvesting ActivitiesRs 11 CroreRs -1,313 CroreRs -278 CroreRs 481 Crore

Rs -5,450 CroreFinancing ActivitiesRs -5,834 CroreRs -4,767 CroreRs -5,078 CroreRs -4,666 Crore

Rs -2,986 CroreOthersRs 8 CroreRs -4 CroreRs 52 CroreRs -1 Crore

Rs 16 CroreNet Cash FlowRs -28 CroreRs 290 CroreRs 267 CroreRs 1,098 Crore

Rs -326 Crore

Balance Sheet:

The following table summarizes key elements from the balance sheets:

Mar 2025Mar 2024Mar 2023Mar 2022

Mar 2021

Share CapitalRs 442 CroreRs 441 CroreRs 440 CroreRs 438 Crore

Rs 437 CroreReserves & SurplusRs 26,919 CroreRs 26,226 CroreRs 27,483 CroreRs 26,445 Crore

Rs 24,422 CroreCurrent LiabilitiesRs 12,674 CroreRs 12,616 CroreRs 14,551 CroreRs 12,504 Crore

Rs 10,277 CroreOther LiabilitiesRs 4,459 CroreRs 4,139 CroreRs 3,678 CroreRs 5,481 Crore

Rs 4,540 CroreTotal LiabilitiesRs 44,494 CroreRs 43,423 CroreRs 46,153 CroreRs 44,870 Crore

Rs 39,678 CroreFixed AssetsRs 6,302 CroreRs 6,525 CroreRs 7,385 CroreRs 7,522 Crore

Rs 5,128 CroreCurrent AssetsRs 23,679 CroreRs 23,425 CroreRs 24,432 CroreRs 24,455 Crore

Rs 25,255 CroreOther AssetsRs 14,512 CroreRs 13,472 CroreRs 14,335 CroreRs 12,892 Crore

Rs 9,294 CroreTotal AssetsRs 44,494 CroreRs 43,423 CroreRs 46,153 CroreRs 44,870 Crore

Rs 39,678 CroreContingent LiabilitiesRs 5,042 CroreRs 6,391 CroreRs 9,925 CroreRs 10,942 Crore

Rs 7,013 Crore

Key Financial Ratios:

The following table presents key financial ratios for Tech Mahindra:

RatioMar 2021Mar 2022Mar 2023Mar 2024

Mar 2025

Basic EPS (Rs.)50.6463.3254.7626.66

48.00Diluted EPS (Rs.)50.1962.8154.7626.58

47.91Book Value [Excl. Reval Reserve]/Share (Rs.)288.78311.99322.65307.56

309.24Dividend/Share (Rs.)45.0045.0050.0040.00

45.00Face Value5555

5Gross Profit Margin (%)20.0320.4516.8710.43

14.75Operating Margin (%)16.1817.0412.766.93

11.25Net Profit Margin (%)11.4912.609.164.58

8.01Return on Networth / Equity (%)17.8120.7017.308.84

15.53ROCE (%)20.8323.5121.5111.70

18.74Return On Assets (%)11.1512.4010.465.42

9.55Current Ratio (X)2.461.961.681.86

1.87Quick Ratio (X)2.451.951.681.85

1.87Debt to Equity (x)0.070.060.060.06

0.02Interest Coverage Ratios (X)43.5856.1627.6213.83

24.31Asset Turnover Ratio (%)0.840.931.171.16

1.21Inventory Turnover Ratio (X)0.000.000.000.00

0.003 Yr CAGR Sales (%)10.9113.3620.2317.20

8.943 Yr CAGR Net Profit (%)7.2113.6811.89-25.95

-13.15P/E (x)19.5823.6820.1246.82

29.55P/B (x)3.484.893.474.14

4.59EV/EBITDA (x)11.3214.2010.5419.85

15.58P/S (x)2.292.951.822.12

2.37

Corporate Actions:

Tech Mahindra Limited has announced a dividend of Rs 30 per share (600%) with the dividend type as Final. The effective date for this dividend is July 4, 2025. The announcement was made on April 24, 2025.

A prior dividend of Rs 15 per share (300%) was announced on October 21, 2024, with an effective date of October 31, 2024. This was an Interim dividend.

Tech Mahindra also announced a bonus issue with an existing ratio of 1 and an offered ratio of 1, the ex-bonus date was March 19, 2015.

Additionally, the company executed a stock split, with the old face value of Rs 10 being split into a new face value of Rs 5. The ex-split date for this action was March 19, 2015.Shares of Tech Mahindra were trading lower today amid a bullish sentiment as of September 15, 2025, according to Moneycontrol analysis.