Tech Mahindra shares in focus after Q3 PAT jumps 93% YoY. Should you buy, sell, or hold?
Tech Mahindra will remain in focus on Monday, January 20, after the company reported a 93% growth in consolidated net profit for the quarter ended December 31, 2024.
The bottom line stood at Rs 983 crore (attributable to shareholders of the company), compared to Rs 510 crore reported in the same period last year.
Meanwhile, the revenue from operations in Q3FY25 stood at Rs 13,286 crore, marking a 1.4% increase from Rs 13,101 crore in the year-ago period.
In dollar terms, the revenue for the reported quarter stood at $1,567 million, down 0.4% YoY, and declined 1.3% QoQ.
Its Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA) for Q3FY25 stood at Rs 1,809 crore, reflecting a 3.4% increase on a QoQ basis and a 57.8% rise YoY.
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