Tech Mahindra Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2024
April 25, 2024 at 06:17 am EDT
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Tech Mahindra Limited reported earnings results for the fourth quarter and full year ended March 31, 2024. For the fourth quarter, the company reported sales was INR 128,713 million compared to INR 137,182 million a year ago. Revenue was INR 132,448 million compared to INR 140,237 million a year ago. Net income was INR 6,610 million compared to INR 11,177 million a year ago. Basic earnings per share from continuing operations was INR 7.48 compared to INR 12.67 a year ago. Diluted earnings per share from continuing operations was INR 7.45 compared to INR 12.62 a year ago.
For the full year, sales was INR 519,955 million compared to INR 532,902 million a year ago. Revenue was INR 529,124 million compared to INR 542,552 million a year ago. Net income was INR 23,578 million compared to INR 48,313 million a year ago. Basic earnings per share from continuing operations was INR 26.66 compared to INR 54.76 a year ago. Diluted earnings per share from continuing operations was INR 26.58 compared to INR 54.54 a year ago.
Tech Mahindra Limited is one of India's leading IT service providers. Net sales break down by activity as follows:
- IT services (89.9%): consulting and engineering services, software publishing, outsourcing, architectural development and deployment, management of application management, development of network infrastructures, data security, cloud computing, etc. ;
- business process outsourcing services (10.1%).
Net sales break down as follows: telecommunications (39.7%), manufacturing industries (16.4%), financial services (16.1%), technology, media and entertainment (9.4%), distribution, transport and logistics (7.6%) and other (10.8%).
Net sales are distributed geographically as follows: India (6.8%), the Americas (47.5%), Europe (26%) and other (19.7%).
TECH MAHINDRA LIMITED 
