Tech Mahindra's Profit Up By 39% In Q4 The profit after tax stood at INR 1,506 crore during the period under review compared with INR 1,081 crore in the year-ago period

By Shrabona Ghosh

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Company handout

Tech Mahindra on Friday reported an increase of 39 per cent in its consolidated profit after tax (PAT) in the quarter ended 31 March, 2022. The PAT stood at INR 1,506 crore during the period under review compared with INR 1,081 crore in the year-ago period.

"Our improved growth performance reflects the power of human-centered experiences, a strong focus on innovation and our ability to create a strong customer and partner ecosystem. Tech Mahindra's commitment towards sustainable digital transformation and investment in new-age technology stacks has resulted in one of the highest growth with large deal wins over the last seven years," said CP Gurnani, managing director & CEO Tech Mahindra.

The company reported a revenue growth of 24.5 per cent at INR 12,116 crore in the fourth quarter of financial year 2021-2022, up from the INR 9,730 crore the same quarter year ago. Ebitda of the company advanced 7.2 per cent to INR 20,88 crore.

"Our structural profitability continues to be robust, and we look forward to continuing our journey with commitment to resilient capital return and operational efficiency backed by a comprehensive digital portfolio," said Milind Kulkarni, chief financial officer, Tech Mahindra.

Highlighting the growth, a company statement said, "Tech Mahindra won a multi-year strategic deal with one of the world's largest home shopping organization in Europe to transform their IT infrastructure using Cloud and data analytics."

Shrabona Ghosh

Correspondent

A journalist with a cosmopolitan mindset. I lead a project called 'Corporate Innovations' wherein I cover corporates across verticals and try to tell stories on innovations. Apart from this, I write industry pieces on FMCGs, auto, aviation, 5G and defense. 

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Related Topics

News and Trends

Kaynes Semicon To Invest INR 4,000 Crore On OSAT/ATMP

The investment is expected to create around 1,000-plus jobs

Leadership

International Security Firm Welcomes Female India Native to an Essential Leadership Position

Yasmin Brar has been appointed as the Operations Strategy Director, a role that underscores the company's commitment to innovation, expansion, and strategic management

Finance

Scenes By Avalon Raises Pre-Series A Funding Round

The funds will be used towards further product development and growth of the platform

Growing a Business

Expand Your Knowledge and Unlock Success With These Must-Read Business Books

Top business books to ignite your entrepreneurial journey.

News and Trends

Early Stage Venture Fund Equirus InnovateX Fund Announces its First Close

With the goal of encouraging innovation in the tech startup ecosystem, EIF aims to make at least two investments in companies over the next month after securing the first closing.

Entrepreneurs

The Satellite Heroes

Awais Ahmed and Kshitij Khandelwal launched Pixxel in 2019 to build a global space data startup out of India and lead India's private space exploration journey