Tech Mahindra has announced its audited consolidated financial results for its second-quarter ended September 30, 2013.
For this quarter, revenue received was INR 4,771 crore which went up 35.4% YoY and 16.3% QoQ; Operating profit (EBITDA) at INR 1,111 crore; up 46.8 % YoY and 28.5% QoQ; Consolidated PAT at INR 718 crore; up 57.6% YoY and 4.7% QoQ and earnings per Share (EPS) was INR 30.96 for the quarter ended September 30, 2013
Other highlights of the results include debt at INR 335 crore as of September 30, 2013; down by INR 412 crore during the quarter; Cash and Cash equivalent at INR 3,273 crore as of September 30, 2013 and active client count stood at 576 in Q2FY14 versus 567 in Q1FY14.
Vineet Nayyar, Executive Vice Chairman, Tech Mahindra said, The Digital World is the next phase of our growth and we are ready to ride that wave. I am confident of our alignment with the needs of next generation consumers, with industry best practices and core strengths that our solutions bring.
C P Gurnani, Managing Director & CEO, Tech Mahindra said, The winning trio for us this quarter – growth across verticals, regions and practices reflects the Tech Mahindra’s new found energy and alignment to win large deals, as well as participate with customers in their transformation journey. Our judicious investments in building Connected Solutions and relentless focus on enhancing customer experience are showing results.
Additionally, the total headcount for the year was found to be 85,234. Software Professional headcount stood at 55,432, BPO at 23,225 and Sales & support at 6,577.
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