Financials of Tech Mahindra Ltd

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Tech Mahindra Ltd

Quarterly Results

Quarter-by-quarter operating performance

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +13,71813,15912,86413,10112,87113,00613,31313,28613,38413,35113,99514,39315,076
Expenses +11,91511,82111,95011,95511,77211,44111,56311,47711,54511,41611,83012,02812,511
Operating Profit1,8031,3389141,1461,0991,5641,7501,8091,8391,9352,1652,3662,565
OPM %13%10%7%9%9%12%13%14%14%14%15%16%17%
Other Income +306200264923801475222317321940-293-205
Interest9312098116587289768578779489
Depreciation490447466443461462470459462458469474481
Profit before tax1,5259716156799591,1781,7141,2971,4641,6181,6591,5051,791
Tax %26%28%18%23%31%27%27%24%22%30%28%26%24%
Net Profit +1,1257045055246648651,2589891,1421,1291,2021,1191,356
EPS in Rs11.477.105.065.236.778.7112.7810.0511.9211.6512.1911.4513.82

Financials of Tech Mahindra Ltd

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales +22,62126,49429,14130,77334,74236,86837,85544,64653,29051,99652,98856,815
Expenses +18,42822,23424,95626,06328,47131,36531,05936,62645,52747,48946,02447,783
Operating Profit4,1934,2604,1844,7106,2715,5036,7968,0207,7634,5066,9649,033
OPM %19%16%14%15%18%15%18%18%15%9%13%16%
Other Income +1064537751,4175341,1927881,115965927864-240
Interest6997129162133192174163326392322337
Depreciation6117599781,0851,1291,4461,4581,5201,9571,8171,8531,882
Profit before tax3,6183,8573,8534,8795,5435,0585,9537,4526,4463,2245,6536,573
Tax %27%22%26%22%23%23%27%24%25%26%25%27%
Net Profit +2,6593,0272,8513,7864,2893,8974,3535,6304,8572,3974,2534,806
EPS in Rs27.3530.9228.8838.7843.7041.7645.7357.2749.6024.1443.4349.10
Dividend Payout %22%35%28%33%29%32%89%47%91%150%94%94%

Financials of Tech Mahindra Ltd

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital480436439442444436437439440441442443
Reserves11,76814,15515,99818,40119,84121,37724,42826,44727,48426,22826,91929,173
Borrowings +7001,0911,3662,3971,9963,6702,9012,6182,7402,5372,0252,186
Other Liabilities +6,8996,8438,2549,19211,16611,83411,83614,91115,16213,94314,88017,568
Total Liabilities19,84822,52526,05730,43133,44637,31839,60244,41645,82743,14944,26749,369
Fixed Assets +4,0334,3096,4607,6227,0618,8729,01814,78414,93213,90313,98214,864
CWIP568629373240276501181651201332127
Investments2,1031,2972,3964,8417,3425,84810,2384,8843,3883,2383,1823,426
Other Assets +13,14516,28916,82817,72818,76622,54820,22824,58327,38825,87527,08231,053
Total Assets19,84822,52526,05730,43133,44637,31839,60244,41645,82743,14944,26749,369

Financials of Tech Mahindra Ltd

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +2,4483,1374,0713,5544,4324,3588,0945,2855,5726,3765,7866,172
Cash from Investing Activity +-1,865-1,453-2,893-3,319-2,1041,081-5,433480-226-1,31820-409
Cash from Financing Activity +-829-496-1,571-269-2,251-4,466-2,987-4,667-5,078-4,767-5,834-5,130
Net Cash Flow-2461,188-392-3577974-3261,098267291-29632
Free Cash Flow1,3352,2663,3112,7633,6533,5297,5214,4504,6035,6395,3035,626
CFO/OP84%105%123%108%97%107%140%95%97%169%104%87%

Financials of Tech Mahindra Ltd

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days848067777375629888808048
Inventory Days
Days Payable
Cash Conversion Cycle848067777375629888808048
Working Capital Days545857422435242928232551
ROCE %32%27%23%24%25%22%23%26%22%12%19%23%