Tech Mahindra has announced the audited consolidated financial results for its third quarter ended December 31, 2013. In terms of financial highlights, the Company earned revenue atĀ INR4,899 crore, which is up 33.5% YoY and 2.7% QoQ. The operating profit (EBITDA) was up 42.8% YoY and 2.3% QoQ at INR1,136 crore. The consolidated PAT was INR1,010 crore, up 214.1% YoY and 40.6% QoQ and the Earnings per Share (EPS) remained at INR43.47 for the quarter ended December 31, 2013.
Among other highlights, as of December 31, 2013, the cash and cash equivalents stood at INR3,459 crore.Vineet Nayyar, Executive Vice-Chairman, Tech Mahindra, said, āWe are pleased to report another successful quarter where growth has come from our main verticals ā Telecom, Manufacturing and BFSI. We remain confident of the success of our differentiated offerings.ā
āOur results are a testimony to the fact that our strategy and investments are aligned with market drivers and demands. Our focus on connected solutions for digital enterprises will continue to drive this momentum,ā said C. P. Gurnani, Managing Director & CEO, Tech Mahindra.
The total headcount for the year stood at 87,399, QoQ net addition of 2,165. Software Professional headcount stood at 57,601, BPO at 23,213 and sales & support at 6,585, whereas active client count stood at 605 in Q3FY14 versus 576 in Q2FY14.
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