Tech Mahindra share price falls 2.02% on Nifty 50

Shares of Tech Mahindra declined by 2.02 percent to Rs 1,570.20 on Monday. At 12:16 pm, the stock was trading lower on the Nifty 50.

Quarterly Financials:

The consolidated quarterly revenue and net profit are shown below:

ParticularsMar 2024Jun 2024Sep 2024Dec 2024

Mar 2025RevenueRs 12,871.30 CroreRs 13,005.50 CroreRs 13,313.22 CroreRs 13,285.60 Crore

Rs 13,384.00 CroreNet ProfitRs 657.80 CroreRs 862.20 CroreRs 1,256.88 CroreRs 982.20 Crore

Rs 1,143.10 CroreEPS7.489.6214.1211.10

13.17

The revenue for Tech Mahindra increased by approximately 3.98% from Rs 12,871.30 Crore in March 2024 to Rs 13,384.00 Crore in March 2025. The net profit also saw a substantial increase, rising by 73.78% from Rs 657.80 Crore to Rs 1,143.10 Crore during the same period. Earnings per share (EPS) increased from Rs 7.48 in March 2024 to Rs 13.17 in March 2025.

Annual Financials:

The consolidated yearly revenue and net profit are shown below:

Particulars2021202220232024

2025RevenueRs 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 revenue for Tech Mahindra increased by approximately 1.91% from Rs 51,995.50 Crore in 2024 to Rs 52,988.30 Crore in 2025. The net profit also saw a substantial increase, rising by 77.86% from Rs 2,386.30 Crore to Rs 4,244.40 Crore during the same period. Earnings per share (EPS) increased from Rs 26.66 in 2024 to Rs 48.00 in 2025.

Annual Income Statement:

ParticularsMar 2025Mar 2024Mar 2023Mar 2022

Mar 2021SalesRs 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

The sales for Tech Mahindra increased from Rs 51,995 Crore in March 2024 to Rs 52,988 Crore in March 2025. The net profit for Tech Mahindra increased from Rs 2,386 Crore in March 2024 to Rs 4,244 Crore in March 2025.

Quarterly Income Statement:

ParticularsMar 2025Dec 2024Sep 2024Jun 2024

Mar 2024SalesRs 13,384 CroreRs 13,285 CroreRs 13,313 CroreRs 13,005 Crore

Rs 12,871 CroreOther IncomeRs 172 CroreRs 16 CroreRs 521 CroreRs 144 Crore

Rs 373 CroreTotal IncomeRs 13,556 CroreRs 13,302 CroreRs 13,834 CroreRs 13,150 Crore

Rs 13,244 CroreTotal ExpenditureRs 12,006 CroreRs 11,935 CroreRs 12,032 CroreRs 11,903 Crore

Rs 12,233 CroreEBITRs 1,550 CroreRs 1,366 CroreRs 1,801 CroreRs 1,247 Crore

Rs 1,011 CroreInterestRs 85 CroreRs 75 CroreRs 89 CroreRs 71 Crore

Rs 58 CroreTaxRs 322 CroreRs 308 CroreRs 456 CroreRs 313 Crore

Rs 294 CroreNet ProfitRs 1,143 CroreRs 982 CroreRs 1,256 CroreRs 862 Crore

Rs 657 Crore

The sales for Tech Mahindra increased from Rs 12,871 Crore in March 2024 to Rs 13,384 Crore in March 2025. The net profit for Tech Mahindra increased from Rs 657 Crore in March 2024 to Rs 1,143 Crore in March 2025.

Cash Flow:

ParticularsMar 2025Mar 2024Mar 2023Mar 2022

Mar 2021Operating 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

Cash flow from operating activities decreased from Rs 6,376 Crore in March 2024 to Rs 5,785 Crore in March 2025. Cash flow from investing activities increased from Rs -1,313 Crore in March 2024 to Rs 11 Crore in March 2025. Cash flow from financing activities decreased from Rs -4,767 Crore in March 2024 to Rs -5,834 Crore in March 2025.

Balance Sheet:

ParticularsMar 2025Mar 2024Mar 2023Mar 2022

Mar 2021Share 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

Share capital increased marginally from Rs 441 Crore in March 2024 to Rs 442 Crore in March 2025. Reserves & Surplus increased from Rs 26,226 Crore in March 2024 to Rs 26,919 Crore in March 2025. Current liabilities increased from Rs 12,616 Crore in March 2024 to Rs 12,674 Crore in March 2025.

Ratios:

ParticularsMar 2025Mar 2024Mar 2023Mar 2022

Mar 2021Basic EPS (Rs.)48.0026.6654.7663.32

50.64Diluted Eps (Rs.)47.9126.5854.7662.81

50.19Book Value [Excl. Reval Reserve]/Share (Rs.)309.24307.56322.65311.99

288.78Dividend/Share (Rs.)45.0040.0050.0045.00

45.00Face Value5555

5Gross Profit Margin (%)14.7510.4316.8720.45

20.03Operating Margin (%)11.256.9312.7617.04

16.18Net Profit Margin (%)8.014.589.1612.60

11.49Return on Networth / Equity (%)15.538.8417.3020.70

17.81ROCE (%)18.7411.7021.5123.51

20.83Return On Assets (%)9.555.4210.4612.40

11.15Current Ratio (X)1.871.861.681.96

2.46Quick Ratio (X)1.871.851.681.95

2.45Debt to Equity (x)0.020.060.060.06

0.07Interest Coverage Ratios (X)24.3113.8327.6256.16

43.58Asset Turnover Ratio (%)1.211.161.170.93

0.84Inventory Turnover Ratio (X)0.000.000.000.00

0.003 Yr CAGR Sales (%)8.9417.2020.2313.36

10.913 Yr CAGR Net Profit (%)-13.15-25.9511.8913.68

7.21P/E (x)29.5546.8220.1223.68

19.58P/B (x)4.594.143.474.89

3.48EV/EBITDA (x)15.5819.8510.5414.20

11.32P/S (x)2.372.121.822.95

2.29

Corporate Actions:

Tech Mahindra announced a final dividend of Rs 30 per share (600%) on April 24, 2025, with an effective date of July 04, 2025. Earlier dividends include an interim dividend of Rs 15 per share (300%) announced on October 21, 2024, and a final dividend of Rs 28 per share (560%) announced on April 25, 2024.

The company had also announced a bonus issue on January 30, 2015, with a ratio of 1:1 and an ex-bonus date of March 19, 2015.

Additionally, a stock split was announced on January 30, 2015, with the old face value of Rs 10 being split into a new face value of Rs 5, with an ex-split date of March 19, 2015.

A Moneycontrol analysis from July 7, 2025, indicated bearish sentiment on the stock.With the stock currently trading at Rs 1,570.20, Tech Mahindra experiences price fall by 2 percentage.