On a consolidated basis, the net profit of the IT major hit a high marginally to Rs 1,296.6 crore in the Oct-Dec quarter of FY23 as against Rs 1,285.4 crore posted in the July-September quarter of FY23.
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Revenue from operations grew 4.61% quarter on quarter (QoQ) to Rs 13,734.6 crore in Q3FY23.
On a yearly basis, the company’s net profit declined 5.25% while revenue jumped 19.94% in the Oct-Dec quarter of FY23.
EBITDA stood at Rs 2,144 crore in Q3 FY23, up 8.1% QoQ and up 4.1% YoY. EBITDA margin was at 15.6% in the Oct-Dec quarter of FY23 as against 15.1% in the July-September quarter of FY23 and 18% in
The IT firm secured net new deals worth $795 million in the Oct-Dec quarter of FY23 as against $716 million in the July-September quarter of FY23 and $704 million in the Oct-Dec quarter of FY22.
The total headcount was at 157,068, down 4.2% QoQ. The last twelve-month (LTM) IT attrition rate reduced to 17% in the Oct-Dec quarter of FY23 from 20% in the July-September quarter of FY23 and 24% in the Oct-Dec quarter of FY22.
The company is to focus on leveraging next-generation technologies, which include 5G, cybersecurity, blockchain, artificial intelligence etc., to enable end-to-end digital transformation for global customers.
On BSE, Tech Mahindra’s shares dropped 3.49% to Rs 1,000.
