Tech Mahindra Q3 FY25 Results: Revenue down 0.2% QoQ at Rs 13,285 crore, Net Profit down 21.4% QoQ

Tech Mahindra Limited has released its consolidated financial results for the third quarter ended December 31, 2024, showcasing a steady performance driven by operational efficiency despite market challenges.

Key Financial Highlights (₹ in Crores):

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  • Revenue from Operations: ₹13,285.6 crore
    • QoQ: Slight decrease of 0.2% (₹13,313.2 crore in Q2 FY25)
    • YoY: Growth of 1.4% (₹13,101.3 crore in Q3 FY24)
  • Total Income: ₹13,302.1 crore
    • QoQ: Decline of 3.8% (₹13,834.7 crore in Q2 FY25)
    • YoY: Increase of 0.9% (₹13,188.8 crore in Q3 FY24)
  • Profit Before Tax (PBT): ₹1,297.4 crore
    • QoQ: Decrease of 24.3% (₹1,713.5 crore in Q2 FY25)
    • YoY: Increase of 91.1% (₹678.8 crore in Q3 FY24)
  • Net Profit: ₹988.8 crore
    • QoQ: Decrease of 21.4% (₹1,257.5 crore in Q2 FY25)
    • YoY: Increase of 88.9% (₹523.7 crore in Q3 FY24)

Expense Breakdown:

  • Total Expenses: ₹12,011.3 crore
    • QoQ: Decreased by 1.8% (₹12,121.8 crore in Q2 FY25)
    • YoY: Reduced by 4.1% (₹12,518.4 crore in Q3 FY24)
  • Employee Benefits Expense: ₹7,424.6 crore, reflecting stable cost management.
  • Subcontracting Expense: ₹1,458.5 crore, highlighting efficient vendor utilization.
  • Other Expenses: ₹2,593.5 crore, showing a slight increase QoQ.